2 Sep 2013
EUR/USD treading water above 1.3200
FXstreet.com (Edinburgh) -The bloc currency is alternating gains with losses in a choppy start of the week, albeit the EUR/USD is managing well to keep the trade above 1.3200 the figure so far.
EUR/USD range-bound ahead of key data
The inactivity in the US markets due to the Labour Day holiday plus the lack of other events or results in the euro area would leave the pair to the mercy of the risk trends, against the backdrop of rising stock markets across the world after better Chinese data from the manufacturing sector and easing concerns from Syria. When comes to technical studies, analysts at Autochartist.com have detected a potential triangle pattern in the 15-min charts, potentially heading to the 1.3225/30 area.
EUR/USD levels to watch
At the moment the pair is up 0.06% at 1.3223 with the next hurdle at 1.3255 (high Aug.30) followed by 1.3298 (low Aug.22) and finally 1.3322 (low Aug.27). On the downside, a break below 1.3192 (low Sep.2) would open the door to 1.3173 (low Aug.30) and then 1.3143 (MA200d).
EUR/USD range-bound ahead of key data
The inactivity in the US markets due to the Labour Day holiday plus the lack of other events or results in the euro area would leave the pair to the mercy of the risk trends, against the backdrop of rising stock markets across the world after better Chinese data from the manufacturing sector and easing concerns from Syria. When comes to technical studies, analysts at Autochartist.com have detected a potential triangle pattern in the 15-min charts, potentially heading to the 1.3225/30 area.
EUR/USD levels to watch
At the moment the pair is up 0.06% at 1.3223 with the next hurdle at 1.3255 (high Aug.30) followed by 1.3298 (low Aug.22) and finally 1.3322 (low Aug.27). On the downside, a break below 1.3192 (low Sep.2) would open the door to 1.3173 (low Aug.30) and then 1.3143 (MA200d).