29 Jul 2013
EUR/USD finds bids around 1.3275
FXstreet.com (Edinburgh) -The shared currency found buyers in the area of 1.3275 on Monday, with the EUR/USD easing ground from overnight peaks in levels just shy of 1.3300 the figure.
EUR/USD key week ahead
Very light docket awaits investors today, with a measure of Business Confidence and Wage Inflation in Italy, while Pending Home Sales and the regional manufacturing index sponsored by the Dallas Fed are due across the Atlantic. Against the backdrop of the ECB meeting on Thursday, and with the likeliness of the central bank to adopt minutes of the Governing Council in the future, Analyst Frank Oland at Danske Bank suggested “It is possible that they are preparing the market for an announcement as early as this Thursday’s press conference. In any case transparency is now certain to be a theme on Thursday”.
EUR/USD key levels
The pair is now losing 0.06% at 1.3278 facing the next support at 1.3200 (psychological level) followed by 1.3182 (cloud top) and finally 1.3178 (MA10d). On the upside, a breakout of 1.3302 (high Jun.20) would open the door to 1.3325 (low Jun.18) and then 1.3417 (high Jun.19).
EUR/USD key week ahead
Very light docket awaits investors today, with a measure of Business Confidence and Wage Inflation in Italy, while Pending Home Sales and the regional manufacturing index sponsored by the Dallas Fed are due across the Atlantic. Against the backdrop of the ECB meeting on Thursday, and with the likeliness of the central bank to adopt minutes of the Governing Council in the future, Analyst Frank Oland at Danske Bank suggested “It is possible that they are preparing the market for an announcement as early as this Thursday’s press conference. In any case transparency is now certain to be a theme on Thursday”.
EUR/USD key levels
The pair is now losing 0.06% at 1.3278 facing the next support at 1.3200 (psychological level) followed by 1.3182 (cloud top) and finally 1.3178 (MA10d). On the upside, a breakout of 1.3302 (high Jun.20) would open the door to 1.3325 (low Jun.18) and then 1.3417 (high Jun.19).