24 Jul 2013
EUR/USD testing the 1.3200 handle
FXstreet.com (London) - EUR/USD is testing the downside on better than anticipated releases from the US this afternoon.
EUR/USD had benefitted from a decent set of PMI’s this morning, but the dollar wishes to contend with its own set of weapons in the form of Markit Manufacturing PMI beating expectations at 53.2 vs 51.9 and New Home Sales (MoM) for June coming I at 0.497m vs 0.485m. The pair is oscillating between 1.3200 an 1.3220 down from 1.3257, the sessions high.
EUR/USD supported at 1.3200
A break below the 1.3200 psychological level would open up the bears appetites for the April lows and more recent quotes in the broader ranges at 1.2755/40. 1.3400 is between he 200d ma and June highs and act as key resistance to the upside.
EUR/USD had benefitted from a decent set of PMI’s this morning, but the dollar wishes to contend with its own set of weapons in the form of Markit Manufacturing PMI beating expectations at 53.2 vs 51.9 and New Home Sales (MoM) for June coming I at 0.497m vs 0.485m. The pair is oscillating between 1.3200 an 1.3220 down from 1.3257, the sessions high.
EUR/USD supported at 1.3200
A break below the 1.3200 psychological level would open up the bears appetites for the April lows and more recent quotes in the broader ranges at 1.2755/40. 1.3400 is between he 200d ma and June highs and act as key resistance to the upside.