24 Jun 2013
EUR/USD holds onto 1.3100 barrier
FXstreet.com (New York) - The EUR/USD foreign exchange rate has held onto the 1.3100 level Monday during European trading.
At the time of writing, the EUR/USD is trading at 1.3108, notching an advance of +0.09%. Mataf.net analysts point to the next level of resistive correction in case of a thrust at 1.3209, then 1.3310, and 1.3365. Alternatively, a movement lower will usher in supports at 1.3053, ahead of 1.2998, and 1.2987.
EUR/USD subdued after only marquee release of the day
Earlier today in Germany, the IFO – Business Climate (June) came in at 105.9, matching expectations. Moreover, the IFO – Current Assessment, was reported at 109.4 in June, missing projections that were calling for 109.6. Finally, IFO – climbed Expectations climbed to 102.5 in June, vs. a consensus of 102.0.
At the time of writing, the EUR/USD is trading at 1.3108, notching an advance of +0.09%. Mataf.net analysts point to the next level of resistive correction in case of a thrust at 1.3209, then 1.3310, and 1.3365. Alternatively, a movement lower will usher in supports at 1.3053, ahead of 1.2998, and 1.2987.
EUR/USD subdued after only marquee release of the day
Earlier today in Germany, the IFO – Business Climate (June) came in at 105.9, matching expectations. Moreover, the IFO – Current Assessment, was reported at 109.4 in June, missing projections that were calling for 109.6. Finally, IFO – climbed Expectations climbed to 102.5 in June, vs. a consensus of 102.0.