8 Jul 2014
EUR/USD clings to 1.3600
FXStreet (Edinburgh) - The shared currency does not want to give up on the 1.3600 handle, confining the EUR/USD to a narrow range between 1.3590-1.3600.
EUR/USD focus on FOMC minutes
A very light docket ahead in the week in the euro area will prompt investors to look for market movers on other shores, with the FOMC minutes due tomorrow and some Fedspeak throughout the week being the main events. “The rebound from the low of 1.3576 yesterday appears incomplete and further up-move towards 1.3630 is likely for today. The support at 1.3570 is expected to hold”, suggested Quek Ser Leang, Market Strategist at UOB Group.
EUR/USD relevant levels
At the moment the pair is down 0.08% at 1.3592 facing the next support at 1.3576 (low Jun.26) ahead of 1.3574 (low Jun.23) and then 1.3565 (low Jun.20). On the upside, a breakout of 1.3610 (high Jul.8) would aim for 1.3611 (high Jul.4) and finally 1.3664 (high Jul.3).
EUR/USD focus on FOMC minutes
A very light docket ahead in the week in the euro area will prompt investors to look for market movers on other shores, with the FOMC minutes due tomorrow and some Fedspeak throughout the week being the main events. “The rebound from the low of 1.3576 yesterday appears incomplete and further up-move towards 1.3630 is likely for today. The support at 1.3570 is expected to hold”, suggested Quek Ser Leang, Market Strategist at UOB Group.
EUR/USD relevant levels
At the moment the pair is down 0.08% at 1.3592 facing the next support at 1.3576 (low Jun.26) ahead of 1.3574 (low Jun.23) and then 1.3565 (low Jun.20). On the upside, a breakout of 1.3610 (high Jul.8) would aim for 1.3611 (high Jul.4) and finally 1.3664 (high Jul.3).