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17 Oct 2013
EUR/USD muted after US data
FXstreet.com (Edinburgh) -The single currency kept the composure on Thursday, with the EUR/USD gyrating around the 1.3645/50 region.
EUR/USD in 8-month highs
The pair remains in levels last seen in January, well above the 1.3600 handle, after the Initial Claims dropped to 358K in the week ended on October 11th, down from 373K although missing the median at 335K. Next on tap will be the regional manufacturing gauge sponsored by the Philly Fed. “On the charts, the pair is currently challenging the early October high of 1.3644, and above that level the next resistant comes in at the 2013 high of 1.3709. In the case of a retracement lower, the recent lows in the upper 1.34 area are the nearest strong supports”, suggested analysts at TD Securities.
EUR/USD critical levels
At the moment the pair is up 0.79% at 1.3642 with the next hurdle at 1.3660 (high Feb.4) followed by1.3711 (2013 high Feb.1) and finally 1.3800 (psychological level).On the downside, a breach of 1.3516 (low Oct.17) would target 1.3479 (low Oct.15) en route to 1.3472 (MA30d).
EUR/USD in 8-month highs
The pair remains in levels last seen in January, well above the 1.3600 handle, after the Initial Claims dropped to 358K in the week ended on October 11th, down from 373K although missing the median at 335K. Next on tap will be the regional manufacturing gauge sponsored by the Philly Fed. “On the charts, the pair is currently challenging the early October high of 1.3644, and above that level the next resistant comes in at the 2013 high of 1.3709. In the case of a retracement lower, the recent lows in the upper 1.34 area are the nearest strong supports”, suggested analysts at TD Securities.
EUR/USD critical levels
At the moment the pair is up 0.79% at 1.3642 with the next hurdle at 1.3660 (high Feb.4) followed by1.3711 (2013 high Feb.1) and finally 1.3800 (psychological level).On the downside, a breach of 1.3516 (low Oct.17) would target 1.3479 (low Oct.15) en route to 1.3472 (MA30d).