21 Nov 2013
EUR/USD loses momentum and settles in a range
FXstreet.com (Córdoba) - The EUR/USD entered in a consolidation phase during the New York session as investors assess recent comments from Draghi and Fed minutes.
EUR/USD boosted by Draghi
The euro received a boost Thursday as ECB President talked down negative deposit rates, but lacked momentum to erase yesterday's losses – incurred in the wake of a Bloomberg story suggesting the central bank could implement a -0.1% rate on deposits. The EUR/USD recovery was capped by 1.3476, confining the pair to slim range over the last hours, with the latest string of US data going virtually unnoticed.
EUR/USD key levels
At time of writing, EUR/USD is trading at the 1.3460 zone, recording a 0.1% gain on Thursday. As for technical levels, if the pair breaks above 1.3476 (daily high), it could find immediate resistances at 1.3500 (psychological level) and 1.3530 (20-day SMA). On the flip side, supports might be faced at 1.3440 (intraday support), 1.3398 (daily low) and 1.3384 (100-day SMA).
EUR/USD boosted by Draghi
The euro received a boost Thursday as ECB President talked down negative deposit rates, but lacked momentum to erase yesterday's losses – incurred in the wake of a Bloomberg story suggesting the central bank could implement a -0.1% rate on deposits. The EUR/USD recovery was capped by 1.3476, confining the pair to slim range over the last hours, with the latest string of US data going virtually unnoticed.
EUR/USD key levels
At time of writing, EUR/USD is trading at the 1.3460 zone, recording a 0.1% gain on Thursday. As for technical levels, if the pair breaks above 1.3476 (daily high), it could find immediate resistances at 1.3500 (psychological level) and 1.3530 (20-day SMA). On the flip side, supports might be faced at 1.3440 (intraday support), 1.3398 (daily low) and 1.3384 (100-day SMA).