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1 Oct 2013
EUR/USD, 1.36 around the corner?
FXstreet.com (Edinburgh) -The shared currency is now testing fresh multi-month highs, lifting the EUR/USD to the area of 1.3575/80 ahead of key EMU data.
EUR/USD eyes on PMIs and US shutdown
The pair advanced from overnight lows near 1.3520 amidst the uncertainty surrounding the US Government shutdown, although it posted no major reaction once the deadline was reached. While the events from across the pond would dictate today’s sentiment, market participants are now waiting for the slew of final manufacturing PMI prints for the month of September in the euro zone members. Further data will show EMU’s unemployment rate for the month of August, expected to stay put at 12.1%.
EUR/USD levels to watch
The pair is now up 0.36% at 1.3575 with the next resistance at 1.3598 (high Feb.5). On the flip side, a breakdown of 1.3467 (low Sep.30) would expose 1.3462 (low Sep.25) and finally 1.3459 (23.6% of 1.3104-1.3569).
EUR/USD eyes on PMIs and US shutdown
The pair advanced from overnight lows near 1.3520 amidst the uncertainty surrounding the US Government shutdown, although it posted no major reaction once the deadline was reached. While the events from across the pond would dictate today’s sentiment, market participants are now waiting for the slew of final manufacturing PMI prints for the month of September in the euro zone members. Further data will show EMU’s unemployment rate for the month of August, expected to stay put at 12.1%.
EUR/USD levels to watch
The pair is now up 0.36% at 1.3575 with the next resistance at 1.3598 (high Feb.5). On the flip side, a breakdown of 1.3467 (low Sep.30) would expose 1.3462 (low Sep.25) and finally 1.3459 (23.6% of 1.3104-1.3569).