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5 Jun 2013
http://www.fxstreet.com/technical/currencies-glance/pair.aspx?id=eur/usd
FXstreet.com (Barcelona) - The EUR/USD kept the 1.3075/80 region after the German and EMU services PMI prints disappointed investors on Wednesday.
Despite both indicators advanced in May, they came in short of expectations at 49.7 and 47.2 vs. 49.8 and 47.5, respectively. Next on tap in the euro bloc will be the Q1 GDP figures (-0.2% YoY exp.) and April’s Retail Sales (-0.8% exp.), ahead of the ADP report and the Fed’s Beige Book in the US economy.
The pair now losing 0.02% at 1.3078 with the next support at 1.3043 (low Jun.4) followed by 1.3040 (MA200d) and then 1.2985 (MA10d). On the flip side, a breakout of 1.3108 (high Jun.3) would open the door to 1.3138 (76.4% of 1.3243-1.2796) en route to 1.3194 (high May 8).
Despite both indicators advanced in May, they came in short of expectations at 49.7 and 47.2 vs. 49.8 and 47.5, respectively. Next on tap in the euro bloc will be the Q1 GDP figures (-0.2% YoY exp.) and April’s Retail Sales (-0.8% exp.), ahead of the ADP report and the Fed’s Beige Book in the US economy.
The pair now losing 0.02% at 1.3078 with the next support at 1.3043 (low Jun.4) followed by 1.3040 (MA200d) and then 1.2985 (MA10d). On the flip side, a breakout of 1.3108 (high Jun.3) would open the door to 1.3138 (76.4% of 1.3243-1.2796) en route to 1.3194 (high May 8).