1 Aug 2013
EUR/USD hits weekly low sub-1.3200 after claims, Draghi
FXstreet.com (Córdoba) - The EUR/USD took another step lower and printed fresh lows after data showed US jobless claims unexpectedly fell last week and as Draghi’s conference gets underway.
EUR/USD dips below 1.3200
Encouraged by strong employment data a day ahead of the key US nonfarm payrolls report, the USD rallied across the board, dragging EUR/USD to a fresh 1-week low of 1.3196 in recent dealings.
Draghi offers nothing new
Overall, ECB President Mario Draghi didn’t offer anything new at the introductory statement and repeated that rates will likely remain low for an extended period of time and that Eurozone risks remain on the downside.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3210/20 zone, where it records a 0.7% loss on Thursday. As for technical levels, if EUR/USD breaks decisively below the 1.3200/1.3190 area, next supports are seen at 1.3165 (Jul 25 low) and 1.3100 (psychological level). On the other hand, resistances could be faced at 1.3310 (daily high) and 1.3345 (Jul 31 high).
EUR/USD dips below 1.3200
Encouraged by strong employment data a day ahead of the key US nonfarm payrolls report, the USD rallied across the board, dragging EUR/USD to a fresh 1-week low of 1.3196 in recent dealings.
Draghi offers nothing new
Overall, ECB President Mario Draghi didn’t offer anything new at the introductory statement and repeated that rates will likely remain low for an extended period of time and that Eurozone risks remain on the downside.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3210/20 zone, where it records a 0.7% loss on Thursday. As for technical levels, if EUR/USD breaks decisively below the 1.3200/1.3190 area, next supports are seen at 1.3165 (Jul 25 low) and 1.3100 (psychological level). On the other hand, resistances could be faced at 1.3310 (daily high) and 1.3345 (Jul 31 high).