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17 Sep 2013
EUR/USD sails below EMA20 - extending trading range
FXstreet.com (Chicago) - EUR/USD continues trading sideways after testing weekly lows around 1.3321 and session highs at 1.3341 prior to a defining day in the history of the US economy after the 2008 global crisis.
Prolific US data day
Market participants wait for US consumer price indexes, the Redbook index, net-long housing market indexes, net long-term TIC flows, consumer price index ex food & energy for August released later today. Less than 48 hours before the Fed makes its bond-buying program decision public, a bullish sentiment in equities markets remains as printed across European and American indexes.
EUR/USD Technical Levels - Calm before the storm?
Price action reveals the pair bounced off right before breaking down triple tops (now supports) at 1.3323. Sustaining 20-day altitudes, the pair registers minimal losses at 0.02% and is offered at 1.3330, fluctuating between supports aligned at 1.3323 (September 12th highs), 1.3294 (August 22nd lows) ahead of 1.3255 (September 12th lows) and resistances at 1.3353 (August 26th lows), 1.3392 (August 16th highs) followed by 1.3451 (August 19th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis.
Prolific US data day
Market participants wait for US consumer price indexes, the Redbook index, net-long housing market indexes, net long-term TIC flows, consumer price index ex food & energy for August released later today. Less than 48 hours before the Fed makes its bond-buying program decision public, a bullish sentiment in equities markets remains as printed across European and American indexes.
EUR/USD Technical Levels - Calm before the storm?
Price action reveals the pair bounced off right before breaking down triple tops (now supports) at 1.3323. Sustaining 20-day altitudes, the pair registers minimal losses at 0.02% and is offered at 1.3330, fluctuating between supports aligned at 1.3323 (September 12th highs), 1.3294 (August 22nd lows) ahead of 1.3255 (September 12th lows) and resistances at 1.3353 (August 26th lows), 1.3392 (August 16th highs) followed by 1.3451 (August 19th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis.