19 Jul 2013
EUR/USD eases to 1.3120
FXstreet.com (Edinburgh) -The bloc currency is losing the grip during the European morning on Friday, with the EUR/USD easing from intraday peaks to the vicinity of 1.3120.
EUR/USD capped by 1.3140
The pair would be posed to extend the consolidation pattern, as the euro docket is pretty much insignificant today. Market participants however will keep an eye on the upcoming events, news or rumours from the G20 meeting over the weekend. According to analysts at Jyske Bank, “The range of 131-132 for EURUSD is considered a good level for selling.
We expect that USD will show relatively strong performance relative to EUR over the rest of 2013.The reasons for this view are in particular the rising US interest rates, rising volatility in the financial market as well as the relatively stronger economic development in the US”.
EUR/USD key levels
At the moment the pair is up 0.14% at 1.3128 with the next resistance at 1.3179 (high Jul.17) ahead of 1.3208 (high Jul.11) and finally 1.3255 (high Jun.21). On the downside, a breach of 1.3089 (low Jul.19) would expose 1.3065 (cloud base) and then 1.3051 (low Jul.16).
EUR/USD capped by 1.3140
The pair would be posed to extend the consolidation pattern, as the euro docket is pretty much insignificant today. Market participants however will keep an eye on the upcoming events, news or rumours from the G20 meeting over the weekend. According to analysts at Jyske Bank, “The range of 131-132 for EURUSD is considered a good level for selling.
We expect that USD will show relatively strong performance relative to EUR over the rest of 2013.The reasons for this view are in particular the rising US interest rates, rising volatility in the financial market as well as the relatively stronger economic development in the US”.
EUR/USD key levels
At the moment the pair is up 0.14% at 1.3128 with the next resistance at 1.3179 (high Jul.17) ahead of 1.3208 (high Jul.11) and finally 1.3255 (high Jun.21). On the downside, a breach of 1.3089 (low Jul.19) would expose 1.3065 (cloud base) and then 1.3051 (low Jul.16).