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18 Oct 2013
EUR/USD eases to 1.3680
FXstreet.com (Edinburgh) -The bloc currency is now taking a breather, prompting the EUR/USD to correct lower to the area of 1.3680/75 on Friday.
EUR/USD remains buoyant
The pair keeps the bid tone however, framed within the more ample negative view of the greenback since the Chinese rating cut and post-US fiscal deal. There are no scheduled events across the pond today, although speeches by Fed members would keep market participants focused on the next probable moves of the Federal Reserve, in light of September’s Payrolls due on Tuesday.
EUR/USD critical levels
At the moment the pair is advancing 0.03% at 1.3680 with the next resistance at 1.3711 (2013 high Feb.1) followed by the psychological level at 1.3800 and then 1.3815 (high Nov.14 2011). On the downside, a breach of 1.3660 (low Oct.8) would target 1.3573 (MA10d) and then 1.3516 (low Oct.17).
EUR/USD remains buoyant
The pair keeps the bid tone however, framed within the more ample negative view of the greenback since the Chinese rating cut and post-US fiscal deal. There are no scheduled events across the pond today, although speeches by Fed members would keep market participants focused on the next probable moves of the Federal Reserve, in light of September’s Payrolls due on Tuesday.
EUR/USD critical levels
At the moment the pair is advancing 0.03% at 1.3680 with the next resistance at 1.3711 (2013 high Feb.1) followed by the psychological level at 1.3800 and then 1.3815 (high Nov.14 2011). On the downside, a breach of 1.3660 (low Oct.8) would target 1.3573 (MA10d) and then 1.3516 (low Oct.17).