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13 Sep 2013
EUR/USD recovers to 1.3280
FXstreet.com (Edinburgh) -The shared currency is picking up pace now, with the EUR/USD regaining the 1.3280 level after dipping near 1.3260 after the Asian session.
EUR/USD now eyes 1.3290
The pair is now attempting a bounce to the boundaries of 1.3290/1.3300 as the risk aversion seems to be taking a breather ahead of second-tier euro data and the more relevant US Retail Sales due later. Not much happening in the FX space so far, with Cyprus and Greece as main issues in today’s EcoFin agenda, although price action would not be affected. The pair continues to navigate within a reduced weekly range so far, looking for the Retail Sales in the US economy to give a clearer direction in the European afternoon.
EUR/USD technical levels
The pair is now retreating 0.10% at 1.3285 and a breakdown of 1.3243 (low Sep.11) would target 1.3230 (low Sep.10) en route to 1.3228 (MA10d). On the upside, the initial hurdle aligns at 1.3325 (high Sep.11) followed by 1.3343 (high Aug.29) and then 1.3399 (high Aug.28).
EUR/USD now eyes 1.3290
The pair is now attempting a bounce to the boundaries of 1.3290/1.3300 as the risk aversion seems to be taking a breather ahead of second-tier euro data and the more relevant US Retail Sales due later. Not much happening in the FX space so far, with Cyprus and Greece as main issues in today’s EcoFin agenda, although price action would not be affected. The pair continues to navigate within a reduced weekly range so far, looking for the Retail Sales in the US economy to give a clearer direction in the European afternoon.
EUR/USD technical levels
The pair is now retreating 0.10% at 1.3285 and a breakdown of 1.3243 (low Sep.11) would target 1.3230 (low Sep.10) en route to 1.3228 (MA10d). On the upside, the initial hurdle aligns at 1.3325 (high Sep.11) followed by 1.3343 (high Aug.29) and then 1.3399 (high Aug.28).