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12 Sep 2013
EUR/USD dips to lows on US data
FXstreet.com (Edinburgh) -The bloc currency is now intensifying the downside, dragging the EUR/USD to fresh lows around 1.3265/60 on better US employment data.
EUR/USD lower on better Claims
The US weekly report on the labour market surprised investors, as Initial Claims are extending their positive momentum, dropping to 292K in the week ended on September 6. Same direction followed Continuing Claims, falling to 2.871 million in the previous week. Further data from the US docket showed export prices contracting 0.5% inter-month and import prices coming in flat during August.
EUR/USD levels to watch
The pair is now losing 0.28% at 1.3272 and a breakdown of 1.3230 (low Sep.10) would aim for 1.3222 (MA10d) and then 1.3157 (low Sep.9). 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 lower on better Claims
The US weekly report on the labour market surprised investors, as Initial Claims are extending their positive momentum, dropping to 292K in the week ended on September 6. Same direction followed Continuing Claims, falling to 2.871 million in the previous week. Further data from the US docket showed export prices contracting 0.5% inter-month and import prices coming in flat during August.
EUR/USD levels to watch
The pair is now losing 0.28% at 1.3272 and a breakdown of 1.3230 (low Sep.10) would aim for 1.3222 (MA10d) and then 1.3157 (low Sep.9). 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).