28 Jun 2013
EUR/USD eases to 1.3040
Fxstreet.com (Edinburgh) - Renewed selling interest in the single currency is dragging the EUR/USD from session highs in the boundaries of 1.3080 to the current region around 1.3040.
EUR/USD gains remain limited
The euro keeps the upbeat tone however, meandering around 1.3040/1.3080, waiting for any announces from the EcoFin meeting and the LTRO repayment figures due later. In the opinion of Allan von Mehren, Chief Analyst at Danske Bank, “Next focal point for EUR crosses will be the ECB meeting next week: as we emphasise we are unlikely to see anything but verbal intervention to stem the recent rises in yields from Draghi”.
EUR/USD support/resistance levels
At the moment the pair is up 0.04% at 1.3045 with the next hurdle at 1.3076 (high Jun.28) ahead of 1.30887 (high Jun.26) and finally 1.3100 (psychological level). On the downside, a break below 1.3000 (low Jun.27) would expose 1.2991 (cloud top) and then 1.2985 (low Jun.26).
EUR/USD gains remain limited
The euro keeps the upbeat tone however, meandering around 1.3040/1.3080, waiting for any announces from the EcoFin meeting and the LTRO repayment figures due later. In the opinion of Allan von Mehren, Chief Analyst at Danske Bank, “Next focal point for EUR crosses will be the ECB meeting next week: as we emphasise we are unlikely to see anything but verbal intervention to stem the recent rises in yields from Draghi”.
EUR/USD support/resistance levels
At the moment the pair is up 0.04% at 1.3045 with the next hurdle at 1.3076 (high Jun.28) ahead of 1.30887 (high Jun.26) and finally 1.3100 (psychological level). On the downside, a break below 1.3000 (low Jun.27) would expose 1.2991 (cloud top) and then 1.2985 (low Jun.26).