Filed Under:
Forex pairs in this Article » EUR/USD (Edinburgh) -A sudden bout of buying interest propelled the EUR/USD from session lows below 1.3250 to fresh intraday highs in the boundaries of 1.3270.

EUR/USD back to positive ground

The pair keeps the weekly range so far, although fireworks are expected to grow bigger as the FOMC meeting looms. “All in all we see risk tilted to the upside for EUR/USD today, not least if we take the GDP numbers into account. We still look for Fed tapering in the autumn and would use a potential dollar sell-off this week to position for a stronger dollar in the autumn”, commented Lars Christensen, Chief Analyst at Danske Bank.

EUR/USD key levels

The pair is now up 0.02% at 1.3265 and a breakout of 1.3302 (high Jul.20/30) would aim for 1.3325 (low. Jun.18). On the downside, next support aligns at 1.3234 (low Jul.30) ahead of 1.3208 (high Jul.11) and then 1.3200 (psychological level).
comments powered by Disqus