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17 Sep 2013
EUR/USD extends recovery to 1.3350
FXstreet.com (Edinburgh) -The euro keeps pushing higher on Tuesday, lifting the EUR/USD to the mid 1.33s after breaking a consolidation patter around 1.3330 overnight.
EUR/USD keeps firm ahead of data
The risk appetite continues to prevail in the broader markets, giving extra oxygen to the pair prior to today’s releases and tomorrow’s FOMC meeting. “Positioning appears to be overall neutral, which leaves risks fairly symmetrical – and if anything perhaps a bit to the upside on EUR/USD”, commented Kasper Kirkegaard, Senior Analyst at Danske Bank. It is worth recalling the EMU’s current account and trade balance results are next on tap, preceding the German/EMU ZEW Survey. Across the pond, inflation figures gauged by the CPI and TIC flows will also be in the limelight.
EUR/USD key levels
At the moment the pair is advancing 0.12% at 1.3350 facing the next hurdle at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and then 1.3427 (high Aug.21). On the flip side, a breakdown of 1.3326 (low Sep.17) would target 1.3298 (low Sep.16) en route to 1.3262 (MA10d).
EUR/USD keeps firm ahead of data
The risk appetite continues to prevail in the broader markets, giving extra oxygen to the pair prior to today’s releases and tomorrow’s FOMC meeting. “Positioning appears to be overall neutral, which leaves risks fairly symmetrical – and if anything perhaps a bit to the upside on EUR/USD”, commented Kasper Kirkegaard, Senior Analyst at Danske Bank. It is worth recalling the EMU’s current account and trade balance results are next on tap, preceding the German/EMU ZEW Survey. Across the pond, inflation figures gauged by the CPI and TIC flows will also be in the limelight.
EUR/USD key levels
At the moment the pair is advancing 0.12% at 1.3350 facing the next hurdle at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and then 1.3427 (high Aug.21). On the flip side, a breakdown of 1.3326 (low Sep.17) would target 1.3298 (low Sep.16) en route to 1.3262 (MA10d).