27 Jun 2013
EUR/USD sidelined around 1.3030
Fxstreet.com (Edinburgh) - The shared currency is trimming yesterday losses, leaving the comfort zone around the psychological mark at 1.3000 and pushing EUR/USD to the current area around 1.3030/40.
EUR/USD focused on EcoFin
Of note is that finance ministers in the euro area found common ground regarding future bank rescues and bail-ins, injecting optimism to the markets. Interesting docket awaits investors today, with the German jobless rate in centre stage, followed by EMU’s Economic Sentiment and Consumer Sentiment gauges. Across the pond, the weekly report on the US labour market and Personal Income will be the most relevant releases.
EUR/USD levels to watch
The pair is now advancing 0.15% at 1.30302 with the next resistance at 1.3087 (high Jun.26) ahead of 1.3151 (high Jun.25) and then 1.3161 (low Jun.20). On the downside, a break below 1.2956 (low Jun.3) would open the door to 1.2944 (low May 31) and finally 1.2934 (low May 30).
EUR/USD focused on EcoFin
Of note is that finance ministers in the euro area found common ground regarding future bank rescues and bail-ins, injecting optimism to the markets. Interesting docket awaits investors today, with the German jobless rate in centre stage, followed by EMU’s Economic Sentiment and Consumer Sentiment gauges. Across the pond, the weekly report on the US labour market and Personal Income will be the most relevant releases.
EUR/USD levels to watch
The pair is now advancing 0.15% at 1.30302 with the next resistance at 1.3087 (high Jun.26) ahead of 1.3151 (high Jun.25) and then 1.3161 (low Jun.20). On the downside, a break below 1.2956 (low Jun.3) would open the door to 1.2944 (low May 31) and finally 1.2934 (low May 30).