3 Oct 2013
EUR/USD softer below 1.3600
FXstreet.com (Edinburgh) -The shared currency is now easing some ground below 1.3600 the figure, although the EUR/USD still keeps the positive territory.
EUR/USD digesting gains
The bid tone remains intact amongst traders however, although the vast part of the recent ascent is due to the increasing selling pressure surrounding the greenback, accentuated after the FOMC fiasco last month. The ongoing administrative paralysis in the US Government is collaborating in the upside, keeping the demand for the greenback subdued, In the data front, Spanish services PMI came in below the 50 threshold in September, disappointing investors.
EUR/USD key levels
The pair is now advancing 0.13% at 1.3596 with the next resistance at 1.3660 (high Feb.4) followed by 1.3711 (2013 high Feb.1) and finally 1.3800 (psychological level). On the downside, a break below 1.3505 (low Oct.2) would aim for 1.3500 (psychological level) and then 1.3467 (low Sep.30).
EUR/USD digesting gains
The bid tone remains intact amongst traders however, although the vast part of the recent ascent is due to the increasing selling pressure surrounding the greenback, accentuated after the FOMC fiasco last month. The ongoing administrative paralysis in the US Government is collaborating in the upside, keeping the demand for the greenback subdued, In the data front, Spanish services PMI came in below the 50 threshold in September, disappointing investors.
EUR/USD key levels
The pair is now advancing 0.13% at 1.3596 with the next resistance at 1.3660 (high Feb.4) followed by 1.3711 (2013 high Feb.1) and finally 1.3800 (psychological level). On the downside, a break below 1.3505 (low Oct.2) would aim for 1.3500 (psychological level) and then 1.3467 (low Sep.30).