21 Aug 2013
1.3323 (low Aug.20) followed by 1.3314 (low Aug.19) and then 1.3312 (low Aug.6).
FXstreet.com (Edinburgh) -The shared currency keeps the 1.3400 handle on Wednesday, with the EUR/USD prolonging the consolidation patter since yesterday afternoon around 1.3410/15.
EUR/USD vs. FOMC minutes
Empty docket in the euro area would extend the lull in the markets ahead of the FOMC minutes due in the European evening. The greenback looks set to be under pressure, as consensus remains mostly divided regarding the tone of the Committee, where the timing, size and composition of the Fed’s taper would be in the limelight. Further US data will show the results from Existing Home Sales in July (5.10 M exp.).
EUR/USD levels to watch
The pair is now losing 0.01% at 1.3416 facing the next support at 1.3323 (low Aug.20) followed by 1.3314 (low Aug.19) and then 1.3312 (low Aug.6). On the flip side, a breakout of 1.3452 (high Aug.20) would clear the way to 1.3456 (high Feb.14) and finally 1.3481 (76.4% OF 1.3711-1.2740).
EUR/USD vs. FOMC minutes
Empty docket in the euro area would extend the lull in the markets ahead of the FOMC minutes due in the European evening. The greenback looks set to be under pressure, as consensus remains mostly divided regarding the tone of the Committee, where the timing, size and composition of the Fed’s taper would be in the limelight. Further US data will show the results from Existing Home Sales in July (5.10 M exp.).
EUR/USD levels to watch
The pair is now losing 0.01% at 1.3416 facing the next support at 1.3323 (low Aug.20) followed by 1.3314 (low Aug.19) and then 1.3312 (low Aug.6). On the flip side, a breakout of 1.3452 (high Aug.20) would clear the way to 1.3456 (high Feb.14) and finally 1.3481 (76.4% OF 1.3711-1.2740).