4 Sep 2013
EUR/USD back to 1.3170 on US data
FXstreet.com (Edinburgh) -The bloc currency remained within the intraday range on Wednesday, driving the EUR/USD around 1.3170 after the US trade deficit widened in July.
EUR/USD mute after data
No noticeable reaction from the pair so far, keeping the 1.3160/90 range after the US trade deficit rose to $39.15 billion during July vs. 34.54 billion in the previous month, according to the Commerce Department. The release missed expectations for a deficit of $38.70 billion. Next on tap in the US economy will be the Fed’s Beige Book and a speech by Fed’s William Dudley.
EUR/USD levels to watch
At the moment the pair is up 0.01% at 1.3171 with the initial resistance at 1.3197 (high Sep.3) ahead of 1.3219 (low Aug.29) and finally 1.3237 (high Sep.2). On the other hand, a break below 1.3138 (low Sep.3) would aim for 1.3115 (low Jul.22) and then 1.3089 (low Jul.19).
EUR/USD mute after data
No noticeable reaction from the pair so far, keeping the 1.3160/90 range after the US trade deficit rose to $39.15 billion during July vs. 34.54 billion in the previous month, according to the Commerce Department. The release missed expectations for a deficit of $38.70 billion. Next on tap in the US economy will be the Fed’s Beige Book and a speech by Fed’s William Dudley.
EUR/USD levels to watch
At the moment the pair is up 0.01% at 1.3171 with the initial resistance at 1.3197 (high Sep.3) ahead of 1.3219 (low Aug.29) and finally 1.3237 (high Sep.2). On the other hand, a break below 1.3138 (low Sep.3) would aim for 1.3115 (low Jul.22) and then 1.3089 (low Jul.19).