27 Jun 2013
EUR/USD little changed after EMU data
Fxstreet.com (Edinburgh) - The EUR/USD remained apathetic after the mixed results from the different gauges of sentiment and confidence in the euro zone during June.
EUR/USD parked around 1.3030
The Economic Sentiment climbed to 91.3 and the Industrial Confidence bettered to -11.2, surpassing both expectations and May’s print. On the opposite side, Business Climate and Services Sentiment came in below expectations and Consumer Sentiment improved a tad from the previous month, although still in the negative ground.
EUR/USD support and resistance levels
At the moment the pair is up 0.11% at 1.3026 with the next resistance at 1.3073 (MA200d) followed by 1.3087 (high Jun.26) and finally 1.3100 (psychological level). On the flip side, a breakdown of 1.3005 (low Jun.27) would target 1.2991 (Cloud top) en route to 1.2985 (low Jun.26).
EUR/USD parked around 1.3030
The Economic Sentiment climbed to 91.3 and the Industrial Confidence bettered to -11.2, surpassing both expectations and May’s print. On the opposite side, Business Climate and Services Sentiment came in below expectations and Consumer Sentiment improved a tad from the previous month, although still in the negative ground.
EUR/USD support and resistance levels
At the moment the pair is up 0.11% at 1.3026 with the next resistance at 1.3073 (MA200d) followed by 1.3087 (high Jun.26) and finally 1.3100 (psychological level). On the flip side, a breakdown of 1.3005 (low Jun.27) would target 1.2991 (Cloud top) en route to 1.2985 (low Jun.26).