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13 Aug 2013
EUR/USD in weekly lows after US data
FXstreet.com (Edinburgh) -The EUR/USD dipped to fresh weekly lows below 1.3260 on Tuesday after the mixed results from the US retail sales.
EUR/USD weaker on US calendar
US retail sales expanded at a monthly pace of 0.2%, missing the median at 0.3%. Excluding the automobile sector, sales grew 0.5%, beating forecasts at 0.4%. Further data showed that import prices rose 1.0% on a yearly basis in July while export prices rose 0.4% vs. previous prints at 0.2% and 0.8%, respectively.
EUR/USD levels to watch
At the moment the pair is down 0.26% at 1.3264 and a breakdown of 1.3246 (low Aug.6) would bring 1.3233 (low Aug.5) and then 1.3200 (psychological level). On the upside, resistance levels line up at 1.3391 (high Aug.9) followed by 1.3401 (high Aug.8) and then 1.3417 (high Jun.19).
EUR/USD weaker on US calendar
US retail sales expanded at a monthly pace of 0.2%, missing the median at 0.3%. Excluding the automobile sector, sales grew 0.5%, beating forecasts at 0.4%. Further data showed that import prices rose 1.0% on a yearly basis in July while export prices rose 0.4% vs. previous prints at 0.2% and 0.8%, respectively.
EUR/USD levels to watch
At the moment the pair is down 0.26% at 1.3264 and a breakdown of 1.3246 (low Aug.6) would bring 1.3233 (low Aug.5) and then 1.3200 (psychological level). On the upside, resistance levels line up at 1.3391 (high Aug.9) followed by 1.3401 (high Aug.8) and then 1.3417 (high Jun.19).