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15 Jul 2013
EUR/USD in red around 1.3070
FXstreet.com (Edinburgh) - The EUR/USD is trading almost at the beginning of the week, as figures from the Chinese economic activity matched forecasts.
EUR/USD capped near 1.3080
The sentiment surrounding the shared currency remains skeptic so far after the GDP in China expanded 1.7% inter-quarter and 7.5% on a yearly basis during the second quarter, down from 1.6% and 7.7% in the previous period, respectively. Further data showed that Industrial Production rose at an annual pace of 8.9%, missing the median at 9.1%. Ahead in the day the European docket will be empty, leaving US Retail Sales during June as the most relevant event (0.8% exp.).
EUR/USD key levels
As of writing the pair is down 0.03% at 1.3072 facing the next support at 1.2966 (low Jul.11) ahead of 1.2949 (high Jul.10) and finally 1.2755 (low Jul.1). On the upside, a break above 1.3208 (high Jul.11) would expose 1.3255 (high Jun.21).
EUR/USD capped near 1.3080
The sentiment surrounding the shared currency remains skeptic so far after the GDP in China expanded 1.7% inter-quarter and 7.5% on a yearly basis during the second quarter, down from 1.6% and 7.7% in the previous period, respectively. Further data showed that Industrial Production rose at an annual pace of 8.9%, missing the median at 9.1%. Ahead in the day the European docket will be empty, leaving US Retail Sales during June as the most relevant event (0.8% exp.).
EUR/USD key levels
As of writing the pair is down 0.03% at 1.3072 facing the next support at 1.2966 (low Jul.11) ahead of 1.2949 (high Jul.10) and finally 1.2755 (low Jul.1). On the upside, a break above 1.3208 (high Jul.11) would expose 1.3255 (high Jun.21).