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9 Aug 2013
EUR/USD dips into the red
FXstreet.com (Barcelona) - EUR/USD has dipped into the red and is trading down 0.05% on the day at 1.3373 ahead of the US Open.
On a relatively quiet end to the week in terms of European data, the pair has made a high at 1.3389 and a low at 1.3367 and price is currently testing the lower hourly volatility band. Overnight saw the RBA lower its growth forecast while Chinese data registered supportive of risk sentiment. French and Italian Trade data disappointed forecasts while the UK equivelent beat expectations. Italian CPI fell in line. Ahead this afternoon we have Canadian employment data to wrap up the week with.
EUR/USD Technically bullish
The FXstreet.com Trend Index is showing EUR/USD to be slightly bullish, while the OB/OS Index is neutral. Spot is currently resting above the daily classic pivot point, and support below can be seen at 1.3338, 1.3295 and 1.3263. Ahead, resistance can be seen at 1.3413, 1.3445 and 1.3488.
On a relatively quiet end to the week in terms of European data, the pair has made a high at 1.3389 and a low at 1.3367 and price is currently testing the lower hourly volatility band. Overnight saw the RBA lower its growth forecast while Chinese data registered supportive of risk sentiment. French and Italian Trade data disappointed forecasts while the UK equivelent beat expectations. Italian CPI fell in line. Ahead this afternoon we have Canadian employment data to wrap up the week with.
EUR/USD Technically bullish
The FXstreet.com Trend Index is showing EUR/USD to be slightly bullish, while the OB/OS Index is neutral. Spot is currently resting above the daily classic pivot point, and support below can be seen at 1.3338, 1.3295 and 1.3263. Ahead, resistance can be seen at 1.3413, 1.3445 and 1.3488.