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11 Sep 2013
EUR/USD firmer towards 1.3280
FXstreet.com (Edinburgh) -The sentiment surrounding the bloc currency is collaborating in another attempt by the EUR/USD to test the critical resistance area around 1.3280 on Wednesday.
EUR/USD keeps the range
Quite boring week so far for he pair, keeping a 50-pips range despite the better risk appetite trends stemming from recent Chinese upbeat results and some sort of temporary relief in the Syrian front. The next key events for the EUR would be tomorrow’s EMU’s Industrial Production and ECB’s Draghi’s speech ahead of the weekly report on the US labour market. In the view of Stoyan Mihaylov, Strategist at DeltaStock.com, “Yesterday's rise peaked at 1.3280, but current slide should be considered corrective while it holds above 1.3225, preceding one more upswing for a tight test of 1.3300 area”.
EUR/USD critical levels
The pair is now advancing 0.02% at 1.3270 with the next resistance at 1.3282 (high Sep.11) followed by 1.3289 (MA30d) and then 1.3298 (low Aug.22). On the downside, a breach of 1.3230 (low Sep.10) would aim for 1.3210 (MA10d) and then 1.3157 (low Sep.9).
EUR/USD keeps the range
Quite boring week so far for he pair, keeping a 50-pips range despite the better risk appetite trends stemming from recent Chinese upbeat results and some sort of temporary relief in the Syrian front. The next key events for the EUR would be tomorrow’s EMU’s Industrial Production and ECB’s Draghi’s speech ahead of the weekly report on the US labour market. In the view of Stoyan Mihaylov, Strategist at DeltaStock.com, “Yesterday's rise peaked at 1.3280, but current slide should be considered corrective while it holds above 1.3225, preceding one more upswing for a tight test of 1.3300 area”.
EUR/USD critical levels
The pair is now advancing 0.02% at 1.3270 with the next resistance at 1.3282 (high Sep.11) followed by 1.3289 (MA30d) and then 1.3298 (low Aug.22). On the downside, a breach of 1.3230 (low Sep.10) would aim for 1.3210 (MA10d) and then 1.3157 (low Sep.9).