27 Jun 2013
EUR/USD muted after US data
Fxstreet.com (Edinburgh) - The EUR/USD posted no reaction after the US data from the labour market and the inflation figures, in terms of the Personal Consumption Expenditures.
EUR/USD remains sceptic around 1.3030
It seems that the euro would need further catalysts to break the current range, as the pair remains isolated from both results in the euro area and the US economy. The pair kept the region between 1.3020 and 1.3040 after Claims fell to 346K last week, and Personal Income rose 0.5%, surpassing expectations. Personal Spending followed suit, rising 0.3% in line with the median.
EUR/USD significant levels
At the moment the pair is up 0.12% at 1.3028 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 remains sceptic around 1.3030
It seems that the euro would need further catalysts to break the current range, as the pair remains isolated from both results in the euro area and the US economy. The pair kept the region between 1.3020 and 1.3040 after Claims fell to 346K last week, and Personal Income rose 0.5%, surpassing expectations. Personal Spending followed suit, rising 0.3% in line with the median.
EUR/USD significant levels
At the moment the pair is up 0.12% at 1.3028 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).