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14 Jun 2013
EUR/USD in red around 1.3350
FXstreet.com (Edinburgh) - The EUR/USD is prolonging its decline after yesterday’s highs in the vicinity of 1.3390, grinding lower to the current area of the mid 1.33s.
EUR/USD focused on CPI
Ahead in the day, consumer prices in the euro area will be in the limelight followed by the Employment Change during the first quarter. Market consensus expects the CPI to have expanded at annual pace of 1.4% in May. Across the pond, Producer Prices and the advanced release of the Reuters/Michigan index will grab all the attention.
EUR/USD key levels
As of writing, the pair is down 0.17% at 1.3352 with the next support at 1.3266 (low Jun.12) would target 1.3177 (low Jun.10) en route to 1.3162 (MA10d). On the flip side, resistance levels line up at 1.3456 (high Feb.14) followed by 1.3520 (high Feb.13) and then 1.3577 (high Feb.7).
EUR/USD focused on CPI
Ahead in the day, consumer prices in the euro area will be in the limelight followed by the Employment Change during the first quarter. Market consensus expects the CPI to have expanded at annual pace of 1.4% in May. Across the pond, Producer Prices and the advanced release of the Reuters/Michigan index will grab all the attention.
EUR/USD key levels
As of writing, the pair is down 0.17% at 1.3352 with the next support at 1.3266 (low Jun.12) would target 1.3177 (low Jun.10) en route to 1.3162 (MA10d). On the flip side, resistance levels line up at 1.3456 (high Feb.14) followed by 1.3520 (high Feb.13) and then 1.3577 (high Feb.7).