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6 Sep 2013
EUR/USD closing second week in red
FXstreet.com (Edinburgh) -The shared currency is retreating for the second consecutive week, with the EUR/USD hovering over 1.3160/65 as we enter the last part of the US session.
EUR/USD saved by the bell
Lacklustre data from the US labour market - with Payrolls coming in at 169K vs. the median at 180K - have boosted the pair from fresh lows just pips above the 1.3100 handle to near 1.3190, preventing the EUR from a surely deeper drop. Moving forwards to Monday, the pair looks set to keep range-bound as the only release in the bloc will be the Investor Confidence gauged by the Sentix index (-2.9 expected) and only the Consumer Credit figures in the US economy. Chinese trade data over the weekend and the Syrian front would be in the limelight over the weekend.
EUR/USD key levels
At the moment the pair is advancing 0.36% at 1.3167 with the next resistance at 1.3189 (high Sep.6) followed by 1.3223 (high Sep.5) and finally 1.3237 (high Sep.2). On the flip side, a breakdown of 1.3104 (50% of 1.2755-1.3453) would open the door to 1.3089 (low Jul.19) and then 1.3051 (low Jul.16).
EUR/USD saved by the bell
Lacklustre data from the US labour market - with Payrolls coming in at 169K vs. the median at 180K - have boosted the pair from fresh lows just pips above the 1.3100 handle to near 1.3190, preventing the EUR from a surely deeper drop. Moving forwards to Monday, the pair looks set to keep range-bound as the only release in the bloc will be the Investor Confidence gauged by the Sentix index (-2.9 expected) and only the Consumer Credit figures in the US economy. Chinese trade data over the weekend and the Syrian front would be in the limelight over the weekend.
EUR/USD key levels
At the moment the pair is advancing 0.36% at 1.3167 with the next resistance at 1.3189 (high Sep.6) followed by 1.3223 (high Sep.5) and finally 1.3237 (high Sep.2). On the flip side, a breakdown of 1.3104 (50% of 1.2755-1.3453) would open the door to 1.3089 (low Jul.19) and then 1.3051 (low Jul.16).