15 Oct 2013
EUR/USD picking up some steam ahead of data after holding 1.3550 support
FXstreet.com (Barcelona) - The EUR/USD cross saw downside for the duration of the US session Monday but successfully held above 1.355 and is now bouncing ahead of European data.
EuroZone data will accompany US politics in traders’ lenses Tuesday
EUR/USD traders have been generally enjoying the “risk on” push higher, but the upside may have been tempered by the re-accumulation of the greenback following the hopeful news out of Washington concerning the budget / government shutdown / debt ceiling.
Tuesday will bring EUR/USD traders German Import Prices, German and EuroZone Economic Sentiment early in the session and speeches by US Fed Heads William Dudley and Richard Fisher later in the session
Technical outlook for EUR/USD
Technicians say the EURUSD may have bottomed last Thursday at 1.3489. The upside move off of that low already saw a short-term pullback and appears set to be followed up by more upside. Support for the cross comes in at Friday’s close of 1.3537. The first two resistance levels for EUR/USD come in at 1.3597 and 1.3606.
EuroZone data will accompany US politics in traders’ lenses Tuesday
EUR/USD traders have been generally enjoying the “risk on” push higher, but the upside may have been tempered by the re-accumulation of the greenback following the hopeful news out of Washington concerning the budget / government shutdown / debt ceiling.
Tuesday will bring EUR/USD traders German Import Prices, German and EuroZone Economic Sentiment early in the session and speeches by US Fed Heads William Dudley and Richard Fisher later in the session
Technical outlook for EUR/USD
Technicians say the EURUSD may have bottomed last Thursday at 1.3489. The upside move off of that low already saw a short-term pullback and appears set to be followed up by more upside. Support for the cross comes in at Friday’s close of 1.3537. The first two resistance levels for EUR/USD come in at 1.3597 and 1.3606.