4 Nov 2013
EUR/USD stays above 1.3500 after Sentix data
FXstreet.com (Córdoba) - The EUR/USD continued to trade above 1.3500 after a gauge of Eurozone investor sentiment came in higher than expected.
October Sentix Investor confidence rose to 9.3 in October from 6.1 the previous month and beating expectations of 6.0. The EUR/USD showed little reaction to the data but held near daily highs above 1.3500 after receiving a boost from stronger than expected Markit manufacturing PMI.
EUR/USD levels to watch
At time of writing, EUR/USD is trading at the 1.3505 zone, recording a 0.2% gain Monday, having scored a high of 1.3513 after bouncing from a 7-week low of 1.3442. As for technical levels, immediate resistance levels could be found at 1.3513 (daily high) and 1.3589 (Nov 1 high) ahead of 1.3600 (psychological level). On the other hand, supports are seen at 1.3442 (daily low) and 1.3400 (psychological level).
October Sentix Investor confidence rose to 9.3 in October from 6.1 the previous month and beating expectations of 6.0. The EUR/USD showed little reaction to the data but held near daily highs above 1.3500 after receiving a boost from stronger than expected Markit manufacturing PMI.
EUR/USD levels to watch
At time of writing, EUR/USD is trading at the 1.3505 zone, recording a 0.2% gain Monday, having scored a high of 1.3513 after bouncing from a 7-week low of 1.3442. As for technical levels, immediate resistance levels could be found at 1.3513 (daily high) and 1.3589 (Nov 1 high) ahead of 1.3600 (psychological level). On the other hand, supports are seen at 1.3442 (daily low) and 1.3400 (psychological level).