27 Jun 2013
EUR/USD around 1.3040 after German data
Fxstreet.com (Edinburgh) - The bloc currency kept the range after the better-than-expected employment figures in Germany, with the EUR/USD meandering around 1.3020 and 1.3040.
EUR/USD looking for catalysts
The unemployment rate in the first economy of the bloc ticked lower to 6.8% during June, matching May’s print (revised) and down from forecasts at 6.9%. In the same tone, the unemployment change shrink by 12K vs. an expected increase by 8K and down from 17K previous. In the same line, EMU’s M3 Money Supply expanded at an annual pace of 2.9% while Private Loans contracted 1.1% in a year to May.
EUR/USD key levels
At the moment the pair is advancing 0.17% at 1.3035 with the next resistance at 1.3087 (high Jun.26) ahead of 1.3152 (high Jun.25) and finally 1.3161 (low Jun.20). On the downside, a break below 1.2995 (daily cloud top) would target 1.2956 (low Jun.3) en route to 1.2944 (low May 31).
EUR/USD looking for catalysts
The unemployment rate in the first economy of the bloc ticked lower to 6.8% during June, matching May’s print (revised) and down from forecasts at 6.9%. In the same tone, the unemployment change shrink by 12K vs. an expected increase by 8K and down from 17K previous. In the same line, EMU’s M3 Money Supply expanded at an annual pace of 2.9% while Private Loans contracted 1.1% in a year to May.
EUR/USD key levels
At the moment the pair is advancing 0.17% at 1.3035 with the next resistance at 1.3087 (high Jun.26) ahead of 1.3152 (high Jun.25) and finally 1.3161 (low Jun.20). On the downside, a break below 1.2995 (daily cloud top) would target 1.2956 (low Jun.3) en route to 1.2944 (low May 31).