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Forex pairs in this Article » EUR/USD (Edinburgh) -The single currency remains unable to gather some traction on Wednesday, dragging the EUR/USD to new session lows below 1.3370.

EUR/USD indifferent after data

Market attention is obviously not around the EMU docket today, as the imminence of a US strike in Syria keeps investors wary of entering new positions. Tim Riddell, Head of Global Markets Research at ANZ, commented, “Dips have been contained so far, but any slippage now below 1.3270 should rekindle the potential for a slide back towards 1.3050 if not the 1.2750 area. IF current firmness persists, pressure will build for an early test of the 1.3500 area, but this would still be seen in the context of broader range defining”.

EUR/USD key levels

The pair is now losing 0.16% at 1.3370 and a dip beyond 1.3328 (MA21d) would target 1.3322 (low Aug.27) en route to 1.3299 (low Aug.22). On the upside, the initial hurdle lines up at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and finally 1.3427 (high Aug.21).
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