26 Sep 2013
EUR/USD makes marginal new low
FXstreet.com (Córdoba) - The EUR/USD stretched to a new low for the day after US pending home sales declined more than expected in August.
EUR/USD indifferent to data
EUR/USD extended losses, but only marginally, and hit a fresh daily low of 1.3481 before bouncing slightly. "Italian political woes, US GDP and employment readings triggering gains in stocks, nothing seems to be enough to take the EUR/USD far from the 1.3500 level, where the pair has been stuck for most of this week with limited spikes either side of the board", says Valeria Bednarik, chief analyst at FXstreet.com.
EUR/USD technical outlook
At time of writing, EUR/USD is trading at the 1.3490 zone, where it records a 0.3% loss on the day, and according to Bednarik, it holds a slightly bearish but mostly neutral stance. In terms of technical levels, the analyst locates immediate supports at 1.3450 and 1.3415, while resistances are seen at 1.3530, 1.3570 and 1.3615.
EUR/USD indifferent to data
EUR/USD extended losses, but only marginally, and hit a fresh daily low of 1.3481 before bouncing slightly. "Italian political woes, US GDP and employment readings triggering gains in stocks, nothing seems to be enough to take the EUR/USD far from the 1.3500 level, where the pair has been stuck for most of this week with limited spikes either side of the board", says Valeria Bednarik, chief analyst at FXstreet.com.
EUR/USD technical outlook
At time of writing, EUR/USD is trading at the 1.3490 zone, where it records a 0.3% loss on the day, and according to Bednarik, it holds a slightly bearish but mostly neutral stance. In terms of technical levels, the analyst locates immediate supports at 1.3450 and 1.3415, while resistances are seen at 1.3530, 1.3570 and 1.3615.