Filed Under:
Forex pairs in this Article » EUR/USD (Edinburgh) - The shared currency is now picking up pace, leaving session lows around 1.3000 the figure after buying interest lifted the EUR/USD to the current area of 1.3030/40.

EUR/USD sidelined

The pair experienced a knee-jerk after the US employment data showed an increase in the weekly gauge from the Initial Claims, although it’s managed to bounce off lows and recover part of the ground lost. “For EURUSD then, the pair should have a hard time sustaining gains above its current level, near the key pivot marked by the confluence of the 50-, 100-, and 200-day moving averages in the mid 1.30 area”, commented G.Moore and S.Osborne, FX Strategists at TD Securities.

EUR/USD key levels

The pair is now advancing 0.43% at 1.3035 with the next resistance at 1.3208 (high Jul.11) and then 1.3255 (high Jun.21). On the downside, a break below 1.2966 (low Jul.11) would open the door to 1.2949 (high Jul.10) and finally 1.2755 (low Jul.1).
comments powered by Disqus