10 Jun 2013
EUR/USD around 1.3200 ahead of Sentix
FXstreet.com (Barcelona) - Choppy session for the EUR/USD so far, currently retaking the 1.3200 handle after a short adventure around the vicinity of 1.3190, ahead of the Sentix index.
“Euro area Sentix investor confidence will give a first impression of market sentiment in June. We expect a continuation of the signs given by last week's PMIs that the worse may be over in terms of economic recession in the euro area”, signaled the research team at Danske Bank Markets.
As of writing, the pair is up 0.06% at 1.3202 with the next resistance at 1.3306 (high Jun.6) followed by 1.3319 (high Feb.25) and then 1.3341 (61.8% of Feb-Apr slide).
On the flip side, a breakdown of 1.3104 (MA100d) would target 1.3075 (low Jun.6) and finally 1.3053 (low Jun.5).
“Euro area Sentix investor confidence will give a first impression of market sentiment in June. We expect a continuation of the signs given by last week's PMIs that the worse may be over in terms of economic recession in the euro area”, signaled the research team at Danske Bank Markets.
As of writing, the pair is up 0.06% at 1.3202 with the next resistance at 1.3306 (high Jun.6) followed by 1.3319 (high Feb.25) and then 1.3341 (61.8% of Feb-Apr slide).
On the flip side, a breakdown of 1.3104 (MA100d) would target 1.3075 (low Jun.6) and finally 1.3053 (low Jun.5).