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13 Jun 2013
EUR/USD dips to lows ahead of US sales
FXstreet.com (Edinburgh) - The selling pressure surrounding the shared currency seems to be gathering traction now, dragging EUR/USD to fresh lows below 1.3320.
EUR/USD focused on sales and jobs data
The pair would remain under pressure ahead of the retail sales and the weekly report on the labour market in the US economy. Consensus amongst investors expects the headline to expand at a monthly pace of 0.4% and 0.3% if we strip the Autos sector. Claims are expected to ease a tad to 345K in the week ended on June 7 vs. 346K in the previous print.
EUR/USD key levels
At the moment the pair is down 0.12% at 1.3319 and a break below 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 sales and jobs data
The pair would remain under pressure ahead of the retail sales and the weekly report on the labour market in the US economy. Consensus amongst investors expects the headline to expand at a monthly pace of 0.4% and 0.3% if we strip the Autos sector. Claims are expected to ease a tad to 345K in the week ended on June 7 vs. 346K in the previous print.
EUR/USD key levels
At the moment the pair is down 0.12% at 1.3319 and a break below 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).