Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - The EUR/USD showed little reaction to German factory orders data and continued to hover around the flat line Tuesday.

EUR/USD clings to 1.3580

The EUR/USD has been unable to break its recent range either side of the board as uncertainty over the US budget keeps investors sidelined and the pair in a range bounded by 1.3540 on the downside and 1.3600 on the upside. At time of writing, EUR/USD is trading at the 1.3575 zone, virtually unchanged since opening. Data during the New York session includes NFIB Small Business Survey and a couple of Fed speakers.

EUR/USD technical levels


In terms of technical levels, EUR/USD could find immediate resistances at 1.3600 (psychological level) and 1.3630 (Oct 4 high) ahead of 1.3645 (Oct 3 high), while on the other hand, supports are seen at 1.3550 (10-day SMA), 1.3538 (Oct 4 low) and 1.3500 (psychological level).
comments powered by Disqus