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13 Feb 2013
Forex: EUR/USD eyes 1.3500 ahead of G20
The sentiment circling the euro remains optimistic ahead of the G20 gathering that kicks in tomorrow, as the risk-on mode dominates the session.
Increasing outflows from the sterling after a dovish speech by Governor M.King has recently supported the euro, pushing the cross to the boundaries of 1.3500
As of writing, the cross is up 0.26% at 1.3492 and a surpass of the psychological level at 1.3500 would open the way to 1.3577 (high Feb.7) and then 1.3598 (high Feb.5).
On the flip side, support levels line up at 1.3364 (low Feb.12) followed by 1.3325 (low Feb.11) and 1.3300 (psychological level).
Increasing outflows from the sterling after a dovish speech by Governor M.King has recently supported the euro, pushing the cross to the boundaries of 1.3500
As of writing, the cross is up 0.26% at 1.3492 and a surpass of the psychological level at 1.3500 would open the way to 1.3577 (high Feb.7) and then 1.3598 (high Feb.5).
On the flip side, support levels line up at 1.3364 (low Feb.12) followed by 1.3325 (low Feb.11) and 1.3300 (psychological level).