11 Jul 2013
EUR/USD closing the day around 1.3060
FXstreet.com (Edinburgh) - The bloc currency keeps the positive ground as the US session is drawing to a close on Thursday, with the EUR/USD hovering around 1.3050/60.
EUR/USD supported by 1.3000
After the impressive upside, the euro initiated a correction lower to the boundaries of 1.3000 the figure, where buying interest turned up and lifted the pair to the current mid 1.30s region. There is not much to threaten the recent bull run on Friday’s docket, as consumer prices in Spain and Italy are due ahead of the industrial production figures in the euro area. Across the pond, the most relevant release will be the advanced measure of the Reuters/Michigan Consumer Sentiment index.
EUR/USD key levels
The pair is now advancing 0.64% at 1.3061 with the next resistance at 1.3208 (high Jul.11) and then 1.3255 (high Jun.21). On the downside, a break below 1.2966 (low Jul.11) would open the door to 1.2949 (high Jul.10) and finally 1.2755 (low Jul.1).
EUR/USD supported by 1.3000
After the impressive upside, the euro initiated a correction lower to the boundaries of 1.3000 the figure, where buying interest turned up and lifted the pair to the current mid 1.30s region. There is not much to threaten the recent bull run on Friday’s docket, as consumer prices in Spain and Italy are due ahead of the industrial production figures in the euro area. Across the pond, the most relevant release will be the advanced measure of the Reuters/Michigan Consumer Sentiment index.
EUR/USD key levels
The pair is now advancing 0.64% at 1.3061 with the next resistance at 1.3208 (high Jul.11) and then 1.3255 (high Jun.21). On the downside, a break below 1.2966 (low Jul.11) would open the door to 1.2949 (high Jul.10) and finally 1.2755 (low Jul.1).