5 Sep 2013
EUR/USD supported 1.3120
FXstreet.com (London) - EUR/USD has found support in 1.3120 area after another bout of selling pressure came in at 1.3160 since dropping earlier on in the session post the ECB.
Week German factory orders are putting a downside risk to tomorrow’s industrial production data, and then a dovish ECB has seen the EUR on the offer. The pair now trades 1.3125 at this moment of writing, and markets will now be focused on tomorrow’s jobs numbers from the US.
EUR/USD levels
The 20 DMA is 1.3300, the 50 DAM is 1.3199 and the 200 DMA is 1.3147. RSI (14) prints 28.62. Supports are ascending from 1.3051, 1.3130 and 1.3157. Spot is currently 1.3125 while resistances are 1.3180, 1.3218, 1.3237, 1.3261 and 1.3275.
Week German factory orders are putting a downside risk to tomorrow’s industrial production data, and then a dovish ECB has seen the EUR on the offer. The pair now trades 1.3125 at this moment of writing, and markets will now be focused on tomorrow’s jobs numbers from the US.
EUR/USD levels
The 20 DMA is 1.3300, the 50 DAM is 1.3199 and the 200 DMA is 1.3147. RSI (14) prints 28.62. Supports are ascending from 1.3051, 1.3130 and 1.3157. Spot is currently 1.3125 while resistances are 1.3180, 1.3218, 1.3237, 1.3261 and 1.3275.