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28 Aug 2013
EUR/USD regains 1.3350, US data eyed
FXstreet.com (Edinburgh) -After dropping to session lows in sub 1.3340 levels, buying interest is now lifting the EUR/USD to the mid 1.3300s ahead of US housing data.
EUR/USD focus on US docket, Syria
While tensions around the Syrian situation continue to drive today’s markets, traders are also keeping an eye on the US housing data due later. Pending Home Sales are expected to expand 0.2% inter-month during July, recovering from the previous 0.4% contraction and adding some support to the sector. Analysts at Autochartist spotted a potential triangle formation in the 12-hour chart, adding, “This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3322 within the next 12 hours”.
EUR/USD key levels
The pair is now losing 0.30% at 1.3352 and a dip beyond 1.3328 (MA21d) would target 1.3322 (low Aug.27) en route to 1.3299 (low Aug.22). On the upside, the initial hurdle lines up at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and finally 1.3427 (high Aug.21).
EUR/USD niveles relevantes
EUR/USD focus on US docket, Syria
While tensions around the Syrian situation continue to drive today’s markets, traders are also keeping an eye on the US housing data due later. Pending Home Sales are expected to expand 0.2% inter-month during July, recovering from the previous 0.4% contraction and adding some support to the sector. Analysts at Autochartist spotted a potential triangle formation in the 12-hour chart, adding, “This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3322 within the next 12 hours”.
EUR/USD key levels
The pair is now losing 0.30% at 1.3352 and a dip beyond 1.3328 (MA21d) would target 1.3322 (low Aug.27) en route to 1.3299 (low Aug.22). On the upside, the initial hurdle lines up at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and finally 1.3427 (high Aug.21).
EUR/USD niveles relevantes