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15 Aug 2013
EUR/USD easing from peaks
FXstreet.com (Edinburgh) -After the overnight spike to 1.3310 from 1.3260, the EUR/USD now seems to be stabilizing around 1.3290-1.3300 ahead of a slew of data in the US economy.
EUR/USD focus on US
Empty docket in Euroland today would prompt investors to focus exclusively on results and events across the pond, where the weekly report on the US labour market and consumer prices will be on centre stage. The US manufacturing sector will also be in the limelight, with regional gauges by the NY Empire State index and the Philly Fed survey. “Despite the strong US numbers EUR/USD is well supported. In our view it reflects that the risk premium attached to the euro becomes smaller day by day as the strong performance of peripheral debt markets continues”, suggested P.Nielsen, Analyst at Danske Bank.
EUR/USD key levels
At the moment the pair is up 0.24% at 1.3288 with the initial barrier lines up at 1.3295 (MA10d) followed by 1.3317 (high Aug.13) and then 1.3345 (high Aug.12). On the flip side, a breach of 1.3233 (low Aug.5) would aim for 1.3200 (psychological level) and finally 1.3188 (low Aug.2).
EUR/USD focus on US
Empty docket in Euroland today would prompt investors to focus exclusively on results and events across the pond, where the weekly report on the US labour market and consumer prices will be on centre stage. The US manufacturing sector will also be in the limelight, with regional gauges by the NY Empire State index and the Philly Fed survey. “Despite the strong US numbers EUR/USD is well supported. In our view it reflects that the risk premium attached to the euro becomes smaller day by day as the strong performance of peripheral debt markets continues”, suggested P.Nielsen, Analyst at Danske Bank.
EUR/USD key levels
At the moment the pair is up 0.24% at 1.3288 with the initial barrier lines up at 1.3295 (MA10d) followed by 1.3317 (high Aug.13) and then 1.3345 (high Aug.12). On the flip side, a breach of 1.3233 (low Aug.5) would aim for 1.3200 (psychological level) and finally 1.3188 (low Aug.2).