9 Dec 2013
EUR/USD clings to 1.3700
The single currency is navigating in a narrow range at the beginning of the week, taking the EUR/USD to the area around the key level at 1.3700.
EUR/USD focus on Sentix, Germany
The pair looks set to keep the buoyant tone after the positive data from the Chinese external sector, showing a stronger-then-expected trade surplus during November, with exports beating estimates and growing 12.7% year-on-year. While market participants continue to digest the solid Payrolls number, attention would shift to the Investor Confidence gauged by the Sentix index in the euro area and German Industrial Production (0.8% MoM exp.). Across the pond, speeches by Fed’s Lacker, Bullard and Fisher will be in the limelight, as no data releases are expected.
EUR/USD key levels
At the moment the pair is losing 0.03% at 1.3697 with the next support at 1.3653 (daily cloud top) ahead of 1.3620 (low Dec.6) and then 1.3597 (MA10d). On the flip side, a break above 1.3739 (high Oct.31) would expose 1.3787 (high Oct.30) and finally 1.3818 (high Oct.28).
EUR/USD focus on Sentix, Germany
The pair looks set to keep the buoyant tone after the positive data from the Chinese external sector, showing a stronger-then-expected trade surplus during November, with exports beating estimates and growing 12.7% year-on-year. While market participants continue to digest the solid Payrolls number, attention would shift to the Investor Confidence gauged by the Sentix index in the euro area and German Industrial Production (0.8% MoM exp.). Across the pond, speeches by Fed’s Lacker, Bullard and Fisher will be in the limelight, as no data releases are expected.
EUR/USD key levels
At the moment the pair is losing 0.03% at 1.3697 with the next support at 1.3653 (daily cloud top) ahead of 1.3620 (low Dec.6) and then 1.3597 (MA10d). On the flip side, a break above 1.3739 (high Oct.31) would expose 1.3787 (high Oct.30) and finally 1.3818 (high Oct.28).