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12 Sep 2013
EUR/USD probing the 1.3300 handle
FXstreet.com (London) - EUR/USD is attacking the 1.3300 handle again, spiking from 1.3270 region.
On the data front, EUR Italian IP declined by 1.1% M/M in July, printing significantly below consensus at +0.3%. Likewise, Eurozone IP declined by 1.5% M/M against consensus expectations for a 0.3% drop. However, this disappointment in line with the weakness we have seen in German data earlier on, and did not drive any market reaction. In the US, the pair was bid despite Initial Jobless Claims that arrived 292k against 330k expected for Sep 6th while Continuing Jobless Claims came in at 2.871m against 2.960 expected. Friday will bring Michigan Consumer Sentiment.
EUR/USD levels
The 20 DMA is 1.3289, the 50 DMA is 1.3216 and the 200 DAM is 1.3151. Supports are ascending from 1.3189, 1.3187, 1.3230 and 1.3250, 1.3281 behind 1.3300 the figure. Spot is 1.3310 and resistances 1.3319 and key comes in at 1.3410.
On the data front, EUR Italian IP declined by 1.1% M/M in July, printing significantly below consensus at +0.3%. Likewise, Eurozone IP declined by 1.5% M/M against consensus expectations for a 0.3% drop. However, this disappointment in line with the weakness we have seen in German data earlier on, and did not drive any market reaction. In the US, the pair was bid despite Initial Jobless Claims that arrived 292k against 330k expected for Sep 6th while Continuing Jobless Claims came in at 2.871m against 2.960 expected. Friday will bring Michigan Consumer Sentiment.
EUR/USD levels
The 20 DMA is 1.3289, the 50 DMA is 1.3216 and the 200 DAM is 1.3151. Supports are ascending from 1.3189, 1.3187, 1.3230 and 1.3250, 1.3281 behind 1.3300 the figure. Spot is 1.3310 and resistances 1.3319 and key comes in at 1.3410.