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27 Aug 2013
EUR/USD treading water around 1.3330
FXstreet.com (Edinburgh) -The shared currency keeps meandering around the lower end of the intraday range, driving the EUR/USD around 1.3320 and 1.3330.
EUR/USD hurt by Syrian jitters
The geopolitical unease around Syria continues to weigh heavily on the risk-associated assets, with market participants accelerating their exodus to the safe havens. “For now, the broader trend remains neutral however, with the rough 1.33/34 range still intact. US data and Syrian headlines are the obvious catalysts to keep an eye on today, but we also point out that short term German-US spreads have widened overnight—a move that undercuts some support for EUR/USD. Broadly, we remain better sellers”, recommended G.Moore and S.Osborne, FX Strategists at TD Securities.
EUR/USD levels to consider
As of writing the pair is now losing 0.22% at 1.3338 with the next support at 1.3299 (low Aug.22) followed by 1.3285 (MA30d) and then 1.3222 (weekly top cloud). On the upside, a break above 1.3394 (high Aug.26) would target 1.3410 (high Aug.23) en route to 1.3427 (high Aug.21).
EUR/USD hurt by Syrian jitters
The geopolitical unease around Syria continues to weigh heavily on the risk-associated assets, with market participants accelerating their exodus to the safe havens. “For now, the broader trend remains neutral however, with the rough 1.33/34 range still intact. US data and Syrian headlines are the obvious catalysts to keep an eye on today, but we also point out that short term German-US spreads have widened overnight—a move that undercuts some support for EUR/USD. Broadly, we remain better sellers”, recommended G.Moore and S.Osborne, FX Strategists at TD Securities.
EUR/USD levels to consider
As of writing the pair is now losing 0.22% at 1.3338 with the next support at 1.3299 (low Aug.22) followed by 1.3285 (MA30d) and then 1.3222 (weekly top cloud). On the upside, a break above 1.3394 (high Aug.26) would target 1.3410 (high Aug.23) en route to 1.3427 (high Aug.21).