25 Sep 2013
EUR/USD capped at 1.3530; breaks even for the week
FXstreet.com (Chicago) - EUR/USD has advanced 0.38% so far to erase weekly losses and breakeven. The pair has gained 1.08% this month for a total of 3.43% this quarter. Capped at 1.3530, the pair aims to remains above the 1.3220 zone after the closing of a bloody session in Wall Street.
Debt deficit negotiations are back
So far, the debt limit issue in the US continues unresolved as Congress and the White House insist on not negotiating with Republicans on debt limit. While Republicans are trying to pass a budget excluding Obama Care funding, the country runs out of time. In Europe, the markets closed with mixed results with the CAC 40 down 0.01%, the DAX up 0.01% and the Euronext down 0.06%. Wall Street closed with losses with the Dow down 0.40%, the Nasdaq down 0.19% and the S&P500 down 0.27%.
EUR/USD Technical Levels
Technically speaking, the pair trades around 9-month altitudes and is offered at 1.3525 to oscillate between supports aligned at 1.35 (September 19th lows), 1.3450 (August 17th highs) followed by 1.3413 (August 23rd highs) and resistances set at 1.3563 (September 18th highs), 1.36 (February 1st highs) follower by 1.3662 (January 30th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and remains above the EMA20.
Debt deficit negotiations are back
So far, the debt limit issue in the US continues unresolved as Congress and the White House insist on not negotiating with Republicans on debt limit. While Republicans are trying to pass a budget excluding Obama Care funding, the country runs out of time. In Europe, the markets closed with mixed results with the CAC 40 down 0.01%, the DAX up 0.01% and the Euronext down 0.06%. Wall Street closed with losses with the Dow down 0.40%, the Nasdaq down 0.19% and the S&P500 down 0.27%.
EUR/USD Technical Levels
Technically speaking, the pair trades around 9-month altitudes and is offered at 1.3525 to oscillate between supports aligned at 1.35 (September 19th lows), 1.3450 (August 17th highs) followed by 1.3413 (August 23rd highs) and resistances set at 1.3563 (September 18th highs), 1.36 (February 1st highs) follower by 1.3662 (January 30th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and remains above the EMA20.