6 Dec 2013
EUR/USD awaits impetus
FXstreet.com (London) - EUR/USD inactive ahead of tomorrow’s data at 1.3665/75.
Worth noting, as Societe Generale FX Team notes: "EUR/USD is on track this year to record the smallest high-low percentage ever. The intraday high of 1.3832 (October 25) against the intraday low of 1.2746 (April 4) gives the first sub-10% differential in the euro's history." Meanwhile, strategists at Commerzbank noted “ We look for the 1.3295/94 zone to be retested (current November low and the 50% retracement of the move up from July)”.
EUR/USD Levels
The 20 DMA is 1.3509, the 50 DMA is 1.3568 and the 200 DMA is 1.3234. RSI (14) 68.78. Supports are ascending from 1.3490, 1.3509, 1.3521, 1.3555, 1.3602, 1.3616 and 1.3627. Spot is 1.3565 and resistances are 1.3646 and 1.3688.
Worth noting, as Societe Generale FX Team notes: "EUR/USD is on track this year to record the smallest high-low percentage ever. The intraday high of 1.3832 (October 25) against the intraday low of 1.2746 (April 4) gives the first sub-10% differential in the euro's history." Meanwhile, strategists at Commerzbank noted “ We look for the 1.3295/94 zone to be retested (current November low and the 50% retracement of the move up from July)”.
EUR/USD Levels
The 20 DMA is 1.3509, the 50 DMA is 1.3568 and the 200 DMA is 1.3234. RSI (14) 68.78. Supports are ascending from 1.3490, 1.3509, 1.3521, 1.3555, 1.3602, 1.3616 and 1.3627. Spot is 1.3565 and resistances are 1.3646 and 1.3688.