18 Jul 2013
EUR/USD testing 1.3080 on US data
FXstreet.com (Edinburgh) -The single currency is now facing increasing selling interest, dragging the EUR/USD to test the proximities of the 200-day moving average at 1.3070/80.
EUR/USD weaker after Claims
The US labour market surprised investors on Thursday, with Initial Claims falling to 334K and bettering both the median at 345K and the previous week’s print at 360K. Ahead in the day, the Philly Fed manufacturing survey is expected to drop to 7.8 for the month of July vs. June’s 12.5. Continuing with events across the pond, Bernanke is due to speak again, although no fireworks are expected this time.
EUR/USD levels to watch
At the moment the pair is retreating 0.32% at 1.3082 with the next support at 1.3078 (MA200d) followed by 1.3051 (low Jul.16) and finally 1.3036 (MA21d). On the upside, a break above 1.3179 (high Jul.17) would expose 1.3208 (high Jul.11) and then 1.3255 (high Jun.21).
EUR/USD weaker after Claims
The US labour market surprised investors on Thursday, with Initial Claims falling to 334K and bettering both the median at 345K and the previous week’s print at 360K. Ahead in the day, the Philly Fed manufacturing survey is expected to drop to 7.8 for the month of July vs. June’s 12.5. Continuing with events across the pond, Bernanke is due to speak again, although no fireworks are expected this time.
EUR/USD levels to watch
At the moment the pair is retreating 0.32% at 1.3082 with the next support at 1.3078 (MA200d) followed by 1.3051 (low Jul.16) and finally 1.3036 (MA21d). On the upside, a break above 1.3179 (high Jul.17) would expose 1.3208 (high Jul.11) and then 1.3255 (high Jun.21).