31 Jul 2013
EUR/USD flat around 1.3260
FXstreet.com (Barcelona) -The single currency is trading almost unchanged on Wednesday, with the EUR/USD hovering over 1.3255/60 ahead of key data in the EMU and US.
EUR/USD focus on Germany, US
Next on tap in the 17-nation region will be the unemployment rate in Germany, with market consensus expecting the jobless rate to remain unchanged at 6.8% in July. EMU’s advanced CPI will follow – headline 1.7% YoY and Core 1.6% YoY – ahead of June’s unemployment figures – 12.1% expected. Key day in the US economy, as the preliminary US GDP figures for the second quarter are due, preceding the PCE and the FOMC meeting.
EUR/USD key levels
The pair is now losing 0.04% at 1.3256 facing the next support at 1.3208 (high Jul.11) followed by 1.3200 (psychological level) and finally 1.3182 (Tenkan Sen). On the upside, a breakout of 1.3302 (high Jul.20/30) would expose 1.3325 (low. Jun.18) and then 1.3417 (high Jun.19).
EUR/USD focus on Germany, US
Next on tap in the 17-nation region will be the unemployment rate in Germany, with market consensus expecting the jobless rate to remain unchanged at 6.8% in July. EMU’s advanced CPI will follow – headline 1.7% YoY and Core 1.6% YoY – ahead of June’s unemployment figures – 12.1% expected. Key day in the US economy, as the preliminary US GDP figures for the second quarter are due, preceding the PCE and the FOMC meeting.
EUR/USD key levels
The pair is now losing 0.04% at 1.3256 facing the next support at 1.3208 (high Jul.11) followed by 1.3200 (psychological level) and finally 1.3182 (Tenkan Sen). On the upside, a breakout of 1.3302 (high Jul.20/30) would expose 1.3325 (low. Jun.18) and then 1.3417 (high Jun.19).