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5 Jun 2013
EUR/USD below 1.3100 ahead of PMI
FXstreet.com (Barcelona) - The shared currency is posting meager gains on Wednesday, still unable to surpass the key resistance at 1.3100 the figure, Tuesday’s highs.
Very interesting docket for the euro area ahead in the day, as the final figures for the services PMI in May are due, followed by EMU’s Retail Sales during April and GDP results for the first quarter. Across the pond, the ADP report, Factory Orders and ISM Non-Manufacturing will be in the limelight preceding the Fed’s Beige Book.
At the moment, EUR/USD is up 0.05% at 1.3089 with the next resistance at 1.3108 (high Jun.3) followed by 1.3194 (high May 8) and then 1.3243 (high May 1). On the downside, a break below 1.3037 (MA200d) would expose 1.2961 (MA21d) and finally 1.2956 (low Jun.3).
Very interesting docket for the euro area ahead in the day, as the final figures for the services PMI in May are due, followed by EMU’s Retail Sales during April and GDP results for the first quarter. Across the pond, the ADP report, Factory Orders and ISM Non-Manufacturing will be in the limelight preceding the Fed’s Beige Book.
At the moment, EUR/USD is up 0.05% at 1.3089 with the next resistance at 1.3108 (high Jun.3) followed by 1.3194 (high May 8) and then 1.3243 (high May 1). On the downside, a break below 1.3037 (MA200d) would expose 1.2961 (MA21d) and finally 1.2956 (low Jun.3).