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19 Aug 2013
EUR/USD in tight range, is 1.33 sustainable?
FXstreet.com (Chicago) - EUR/USD started the Asian trading journey on a positive note but seems to retrace from highs as it accumulates 0.06% losses within the past minutes.
This week the agenda for data releases in the US and Europe is prolific. Notably, PPIs in Germany along consumer confidence indicators for the Euro-zone may set the tone for the region. In the US, the Jackson Hole Symposium is expected to gather central bank representatives and industry experts in Kansas.
Trading at 1.3330, the pair oscillates between supports at 1.3323 (July 25th highs), 1.3300 (August 5th highs) ahead of 1.3286 (August 6th highs) and resistances at 1.3344 (July 31st highs), 1.3359 (August 15th highs) followed by 1.3389 (August 9th highs). According to the FXstreet.com trend index, the pair is slightly bearish, below EMA20.
This week the agenda for data releases in the US and Europe is prolific. Notably, PPIs in Germany along consumer confidence indicators for the Euro-zone may set the tone for the region. In the US, the Jackson Hole Symposium is expected to gather central bank representatives and industry experts in Kansas.
Trading at 1.3330, the pair oscillates between supports at 1.3323 (July 25th highs), 1.3300 (August 5th highs) ahead of 1.3286 (August 6th highs) and resistances at 1.3344 (July 31st highs), 1.3359 (August 15th highs) followed by 1.3389 (August 9th highs). According to the FXstreet.com trend index, the pair is slightly bearish, below EMA20.