13 Nov 2013
EUR/USD flat around 1.3440
FXstreet.com (Edinburgh) -The shared currency is trading in a narrow range at the end of the Asian session on Wednesday, with the EUR/USD hovering near yesterday’s close around 1.3435/40.
EUR/USD sidelined amidst absent docket
Second-tier euro docket today would be far from being a market mover, as practically the whole of the FX community would be scrutinizing the BoE’s Quarterly Inflation Report and UK market labour data. Results and event across the pond will also be scarce, leaving the pair to the mercy of the risk trends. Spanish inflation figures and EMU’s Industrial Production are due ahead of Budesbank’s J.Weidmann speech, which may bring some volatility to the pair given his stance against the recent ECB rate cut.
EUR/USD key levels
At the moment the pair is up 0.02% at 1.3437 with the next resistance at 1.3447 (high Nov.12) ahead of 1.3466 (daily cloud top) and finally 1.3493 (MA10d). On the flip side, a breakdown of 1.3345 (low Nov.11) would open the door to 1.3318 (low Nov.8) and then 1.3295 (low 7 Nov.).
EUR/USD sidelined amidst absent docket
Second-tier euro docket today would be far from being a market mover, as practically the whole of the FX community would be scrutinizing the BoE’s Quarterly Inflation Report and UK market labour data. Results and event across the pond will also be scarce, leaving the pair to the mercy of the risk trends. Spanish inflation figures and EMU’s Industrial Production are due ahead of Budesbank’s J.Weidmann speech, which may bring some volatility to the pair given his stance against the recent ECB rate cut.
EUR/USD key levels
At the moment the pair is up 0.02% at 1.3437 with the next resistance at 1.3447 (high Nov.12) ahead of 1.3466 (daily cloud top) and finally 1.3493 (MA10d). On the flip side, a breakdown of 1.3345 (low Nov.11) would open the door to 1.3318 (low Nov.8) and then 1.3295 (low 7 Nov.).