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Forex pairs in this Article » EUR/USD
FXstreet.com (London) - EUR/USD has shown us a high of 1.3322 on Friday, then plummeting to 1.3254 before regaining the 1.3300 handle.

EUR/USD is currently dipping below the figure into the 1.3296/99 region. We have seen a number of data releases from the US, in the main negative. Michigan Consumer Sentiment came in at 76.8 against 82.0 expectations. Next week, the pair will be subject to FOMC and Lee Hardman, FX Strategist at The Bank of Tokyo-Mitsubishi UFJ, notes the main downside risks for the US dollar from next week’s meeting would be if the Fed decided not to begin tapering QE, “…the main downside risks for the US dollar from next week’s meeting would be if the Fed decided not to begin tapering QE, and/or if the Fed also strengthened its commitment to maintain low rates perhaps by either lowering the 6.5% unemployment rate threshold or combining it with an explicit inflation threshold of say 2.0% which could act to push back rate hike expectations”.

EUR/USD levels

The 20 DMA 1.3285, the 50 DMA 1.3233, and the 200 DMA is1.3154. RSI (14) 54.70. Supports 1.3157, 1.3189, 1.3230, 1.3250. Spot is currently 1.3292 and resistances are 1.3325, 1.3343, 1.3399 and 1.3410.
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