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5 Aug 2013
EUR/USD around 1.3280 ahead of PMI, Sentix
FXstreet.com (Edinburgh) -Narrow range for the shared currency so far, with the EUR/USD bouncing off the area near 1.3260 to the current 1.3280/85 ahead of Services PMI and EMU’s Sentix index.
EUR/USD capped by 1.3300
After quite a volatile week, with manufacturing PMI prints and FOMC and ECB meetings, the pair seems to be stabilizing around 1.3280, waiting for the results from the services PMI, a gauge of the investor’s confidence in the euro area by the Sentix index and Retail Sales. Prior surveys expect the index to have improved to -9.5 in July and sales to contract at an annual pace of 1.3% in June.
EUR/USD levels to watch
The pair is now losing 0.02% at 1.3280 with the next support at 1.3255 (Tenkan line) ahead of 1.3166 (low Jul.25) and finally 1.3164 (low Jul.23). On the flip side, a break above 1.3311 (high Aug.1) would expose 1.3345 (high Jul.31) and then 1.3417 (high Jun.19).
EUR/USD capped by 1.3300
After quite a volatile week, with manufacturing PMI prints and FOMC and ECB meetings, the pair seems to be stabilizing around 1.3280, waiting for the results from the services PMI, a gauge of the investor’s confidence in the euro area by the Sentix index and Retail Sales. Prior surveys expect the index to have improved to -9.5 in July and sales to contract at an annual pace of 1.3% in June.
EUR/USD levels to watch
The pair is now losing 0.02% at 1.3280 with the next support at 1.3255 (Tenkan line) ahead of 1.3166 (low Jul.25) and finally 1.3164 (low Jul.23). On the flip side, a break above 1.3311 (high Aug.1) would expose 1.3345 (high Jul.31) and then 1.3417 (high Jun.19).