27 Jun 2013
EUR/USD in highs above 1.3040
Fxstreet.com (Edinburgh) - The bloc currency is now picking up pace, pushing the EUR/USD to test fresh intraday highs in the vicinity of 1.3040 on Thursday, ahead of the US docket.
EUR/USD eyes on US labour market
Ahead in the day the US calendar will bring the weekly report on the labour market, with Initial Claims expected to shrink to 345K vs. 354K in the previous week. Further data expect Personal Income to raise 0.2% and Pending Home Sales to post a monthly increment of 1.0% during May. Fed’s member W.Dudley and FOMC’s member Powell will hold speeches as well. In the opinion of G.Moore and S.Osborne, FX Strategists at TD Securities, “the scope for a further rise looks quite limited to us. On the charts, the 1.3070/80 area is a strong resistance zone marked by the 50-, 100-, and 200-day moving averages”.
EUR/USD significant levels
At the moment the pair is up 0.19% at 1.3036 with the next resistance at 1.3073 (MA200d) followed by 1.3087 (high Jun.26) and finally 1.3100 (psychological level). On the flip side, a breakdown of 1.3005 (low Jun.27) would target 1.2991 (Cloud top) en route to 1.2985 (low Jun.26).
EUR/USD eyes on US labour market
Ahead in the day the US calendar will bring the weekly report on the labour market, with Initial Claims expected to shrink to 345K vs. 354K in the previous week. Further data expect Personal Income to raise 0.2% and Pending Home Sales to post a monthly increment of 1.0% during May. Fed’s member W.Dudley and FOMC’s member Powell will hold speeches as well. In the opinion of G.Moore and S.Osborne, FX Strategists at TD Securities, “the scope for a further rise looks quite limited to us. On the charts, the 1.3070/80 area is a strong resistance zone marked by the 50-, 100-, and 200-day moving averages”.
EUR/USD significant levels
At the moment the pair is up 0.19% at 1.3036 with the next resistance at 1.3073 (MA200d) followed by 1.3087 (high Jun.26) and finally 1.3100 (psychological level). On the flip side, a breakdown of 1.3005 (low Jun.27) would target 1.2991 (Cloud top) en route to 1.2985 (low Jun.26).