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16 Aug 2013
EUR/USD flat-lined around 1.3340
FXstreet.com (Edinburgh) -The single currency continues to consolidate gains above 1.3300 the figure on Friday, with the EUR/USD partially retracing yesterday’s spike to the boundaries of 1.3370.
EUR/USD vs. EMU data
Ahead in the day market participants will focus on EMU’s inflation figures and trade balance results. Prior surveys expect consumer prices to rise at an annual rate of 1.6% during July while the trade surplus is expected to widen to €15.3 billion during June vs. €14.6 previous. Across the pond, US Housing Starts and Building Permits will be in the limelight ahead of the advance figures of August’s Consumer Sentiment sponsored by Reuters/Michigan index.
EUR/USD levels to watch
The pair is now losing 0.05% at 1.3338 facing the immediate support at 1.3188 (low Aug.2) followed by 1.3179 (MA30d) and finally 1.3164 (low Jul.23). On the upside, a breakout of 1.3391 (high Aug.9) would open the door to 1.3401 (high Aug.8) and then 1.3417 (high Jun.19).
EUR/USD vs. EMU data
Ahead in the day market participants will focus on EMU’s inflation figures and trade balance results. Prior surveys expect consumer prices to rise at an annual rate of 1.6% during July while the trade surplus is expected to widen to €15.3 billion during June vs. €14.6 previous. Across the pond, US Housing Starts and Building Permits will be in the limelight ahead of the advance figures of August’s Consumer Sentiment sponsored by Reuters/Michigan index.
EUR/USD levels to watch
The pair is now losing 0.05% at 1.3338 facing the immediate support at 1.3188 (low Aug.2) followed by 1.3179 (MA30d) and finally 1.3164 (low Jul.23). On the upside, a breakout of 1.3391 (high Aug.9) would open the door to 1.3401 (high Aug.8) and then 1.3417 (high Jun.19).