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21 Oct 2013
EUR/USD keeps the narrow range
FXstreet.com (Edinburgh) -The single currency is trading slightly in the red territory on Monday, with the EUR/USD meandering around 1.3670 and 1.3680.
EUR/USD eyes on Tuesday’s Payrolls
While US data releases would gradually resume its normal pace, the docket in the euro area lacks of appealing today, with only German Producer Prices and Italian Industrial Sales due. Across the pond, Existing Home Sales and the CB Leading Indicator will be in the limelight, ahead of tomorrow’s delayed release of September’s Non farm Payrolls (180K expected). “We stay positive on the EUR-USD and support for the pair is seen towards 1.3645 while another break above 1.3700 may pave the way to 1.3750”, noted Emmanuel Ng, Strategist at OCBC Bank.
EUR/USD levels to watch
At the moment the pair is losing 0.04% at 1.3680 with the next resistance at 1.3711 (2013 high Feb.1) followed by the psychological level at 1.3800 and then 1.3815 (high Nov.14 2011). On the downside, a breach of 1.3660 (low Oct.8) would target 1.3573 (MA10d) and then 1.3516 (low Oct.17).
EUR/USD eyes on Tuesday’s Payrolls
While US data releases would gradually resume its normal pace, the docket in the euro area lacks of appealing today, with only German Producer Prices and Italian Industrial Sales due. Across the pond, Existing Home Sales and the CB Leading Indicator will be in the limelight, ahead of tomorrow’s delayed release of September’s Non farm Payrolls (180K expected). “We stay positive on the EUR-USD and support for the pair is seen towards 1.3645 while another break above 1.3700 may pave the way to 1.3750”, noted Emmanuel Ng, Strategist at OCBC Bank.
EUR/USD levels to watch
At the moment the pair is losing 0.04% at 1.3680 with the next resistance at 1.3711 (2013 high Feb.1) followed by the psychological level at 1.3800 and then 1.3815 (high Nov.14 2011). On the downside, a breach of 1.3660 (low Oct.8) would target 1.3573 (MA10d) and then 1.3516 (low Oct.17).