7 Aug 2013
EUR/USD treading water around 1.3300
FXstreet.com (Edinburgh) -The EUR/USD remains around the key handle at 1.3300 on Wednesday, as markets continue to digest the BoE announcements.
EUR/USD looking to extend gains
The upside momentum around the euro continues to struggle despite the advance beyond 1.3300 the figure, although the pair looks set to keep the current consolidation pattern as no relevant catalysts emerge throughout the rest of the week. Analysts at InnerFX suggested, “Intraday studies are currently bearish and it’s time to keep an eye on first support, at 1.3170”.
EUR/USD levels to watch
At the moment the pair is down 0.03% at 1.3302 with the initial support at 1.3246 (low Aug.6) followed by 1.32233 (low Aug.5) and then 1.5200 (psychological level). On the other hand, a surpass of 1.3323 (high Aug.6) would aim for 1.3345 (high Jul.31) and finally 1.3417 (high Jun.19).
EUR/USD looking to extend gains
The upside momentum around the euro continues to struggle despite the advance beyond 1.3300 the figure, although the pair looks set to keep the current consolidation pattern as no relevant catalysts emerge throughout the rest of the week. Analysts at InnerFX suggested, “Intraday studies are currently bearish and it’s time to keep an eye on first support, at 1.3170”.
EUR/USD levels to watch
At the moment the pair is down 0.03% at 1.3302 with the initial support at 1.3246 (low Aug.6) followed by 1.32233 (low Aug.5) and then 1.5200 (psychological level). On the other hand, a surpass of 1.3323 (high Aug.6) would aim for 1.3345 (high Jul.31) and finally 1.3417 (high Jun.19).