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28 Aug 2013
EUR/USD failed (again) at 1.3400
FXstreet.com (Edinburgh) -The critical barrier at 1.3400 continues to cap any bull attempt by the shared currency so far, leaving the EUR/USD to range-bound between 1.3380 and sub 1.3400 levels overnight.
EUR/USD muted on German confidence
The pair posted no reaction after the softer results from the German Consumer Confidence gauged by the Gfk Survey for the month of September, dropping to 6.9 vs. the median at 7.1 and August’s 7.0. Further data in the euro area ahead in the day will show the M3 Money Supply and Private Loans during July ahead of Italian Retail Sales. Across the pond, Pending Home Sales will be in the limelight.
EUR/USD levels to consider
As of writing the pair is now losing 0.11% at 1.3378 and a breach of 1.3322 (low Aug.27) would open the door to 1.3299 (low Aug.22) and finally 1.3285 (MA30d). On the upside, the initial barrier aligns at 1.3410 (high Aug.23) followed by 1.3427 (high Aug.21) and then 1.3453 (high Aug.20).
EUR/USD muted on German confidence
The pair posted no reaction after the softer results from the German Consumer Confidence gauged by the Gfk Survey for the month of September, dropping to 6.9 vs. the median at 7.1 and August’s 7.0. Further data in the euro area ahead in the day will show the M3 Money Supply and Private Loans during July ahead of Italian Retail Sales. Across the pond, Pending Home Sales will be in the limelight.
EUR/USD levels to consider
As of writing the pair is now losing 0.11% at 1.3378 and a breach of 1.3322 (low Aug.27) would open the door to 1.3299 (low Aug.22) and finally 1.3285 (MA30d). On the upside, the initial barrier aligns at 1.3410 (high Aug.23) followed by 1.3427 (high Aug.21) and then 1.3453 (high Aug.20).