9 Jul 2013
EUR/USD eyes 1.2900
FXstreet.com (Edinburgh) - The shared currency is advancing for the second consecutive session on Tuesday, pushing the EUR/USD to the vicinity of 1.2900 the figure.
EUR/USD trimming post-ECB losses
The risk-on trade is prevailing in pre-European open despite consumer prices in the Chinese economy have ticked higher during June, propping up the current bull run in the pair. The docket in the euro area is almost non-existent, with only the Spanish current account results to be released and the EcoFin meeting. Results and events across the pond will also be scarce ahead of tomorrow’s FOMC minutes.
EUR/USD key levels
The pair is now up 0.09% at 1.2883 with the next resistance at 1.2916 (high Jul.5) ahead of 1.2980 (MA10d) and finally 1.3000 (psychological level). On the flip side, a breakdown of 1.2806 (low Jul.5) would open the door to 1.2796 (low May.17) and then 1.2765 (weekly cloud base).
EUR/USD trimming post-ECB losses
The risk-on trade is prevailing in pre-European open despite consumer prices in the Chinese economy have ticked higher during June, propping up the current bull run in the pair. The docket in the euro area is almost non-existent, with only the Spanish current account results to be released and the EcoFin meeting. Results and events across the pond will also be scarce ahead of tomorrow’s FOMC minutes.
EUR/USD key levels
The pair is now up 0.09% at 1.2883 with the next resistance at 1.2916 (high Jul.5) ahead of 1.2980 (MA10d) and finally 1.3000 (psychological level). On the flip side, a breakdown of 1.2806 (low Jul.5) would open the door to 1.2796 (low May.17) and then 1.2765 (weekly cloud base).