26 Nov 2013
EUR/USD kept the range after data
FXstreet.com (Edinburgh) - The EUR/USD attempted a brief knee-jerk to the 1.3540/35 area after the better than expected data from the US housing sector on Tuesday.
EUR/USD remains within the intraday range
The pair barely reacted after the US Building Permits climbed to 1.03 million during October, exceeding the median and coming in higher than September’s 0.974 million (revised). Information regarding Housing Starts was unavailable due to the last US Government shutdown. Next on tap will be the S&P/Case-Shiller index (13.0% exp.) followed by the US Consumer Confidence, with market consensus expecting the confidence gauge to tick higher to 72.9 for the current month.
EUR/USD key levels
The pair is now advancing 0.21% at 1.3547 with the next resistance at 1.3575 (MA30d) ahead of 1.3584 (high Nov.20) and finally 1.3589 (high Nov.1). On the downside, a break below 1.3504 (MA10d) would bring 1.3490 (low Nov.25) followed by 1.3463 (low Nov.22).
EUR/USD remains within the intraday range
The pair barely reacted after the US Building Permits climbed to 1.03 million during October, exceeding the median and coming in higher than September’s 0.974 million (revised). Information regarding Housing Starts was unavailable due to the last US Government shutdown. Next on tap will be the S&P/Case-Shiller index (13.0% exp.) followed by the US Consumer Confidence, with market consensus expecting the confidence gauge to tick higher to 72.9 for the current month.
EUR/USD key levels
The pair is now advancing 0.21% at 1.3547 with the next resistance at 1.3575 (MA30d) ahead of 1.3584 (high Nov.20) and finally 1.3589 (high Nov.1). On the downside, a break below 1.3504 (MA10d) would bring 1.3490 (low Nov.25) followed by 1.3463 (low Nov.22).