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19 Aug 2013
EUR/USD consolidating around 1.3320
FXstreet.com (Edinburgh) -The shared currency is now navigating in a narrow range, with the EUR/USD trading around 1.3320/25 after hitting 1.3340 overnight.
EUR/USD vs. FOMC minutes, PMIs
The euro docket will be almost empty in the first half of the week. The biggest event of the week will be the FOMC minutes due on Wednesday ahead of the advanced manufacturing/services PMI prints on Thursday. The pair is thus expected to trade mostly range-bound, with bouts of volatility around these main events.
EUR/USD levels to watch
The pair is now losing 0.10% at 1.3321 facing the immediate support at 1.3188 (low Aug.2) followed by 1.3179 (MA30d) and finally 1.3164 (low Jul.23). On the upside, a breakout of 1.3391 (high Aug.9) would open the door to 1.3401 (high Aug.8) and then 1.3417 (high Jun.19).
EUR/USD vs. FOMC minutes, PMIs
The euro docket will be almost empty in the first half of the week. The biggest event of the week will be the FOMC minutes due on Wednesday ahead of the advanced manufacturing/services PMI prints on Thursday. The pair is thus expected to trade mostly range-bound, with bouts of volatility around these main events.
EUR/USD levels to watch
The pair is now losing 0.10% at 1.3321 facing the immediate support at 1.3188 (low Aug.2) followed by 1.3179 (MA30d) and finally 1.3164 (low Jul.23). On the upside, a breakout of 1.3391 (high Aug.9) would open the door to 1.3401 (high Aug.8) and then 1.3417 (high Jun.19).