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28 Aug 2013
EUR/USD losing the grip around 1.3340
FXstreet.com (Edinburgh) -The shared currency is testing fresh lows as the selling interest is sharpening on Tuesday, pushing the EUR/USD to the area near 1.3340.
EUR/USD hurt by Syria, eyes on US docket
The demand for the euro remains depressed in favour of the safe havens – USD, JPY, CHF - as jitters on Syria continue to grow bigger. According to last news, only President Obama’s order is needed to unleash a missile strike on Syrian territory. Ahead in the day, US Pending Home Sales will be in the limelight across the pond, trying to revert the recent soft results from the housing sector. Prior surveys expect sales to expand 0.2% on a monthly basis during July, leaving behind June’s 0.4% contraction.
EUR/USD key levels
The pair is now losing 0.35% at 1.3346 and a dip beyond 1.3328 (MA21d) would target 1.3322 (low Aug.27) en route to 1.3299 (low Aug.22). On the upside, the initial hurdle lines up at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and finally 1.3427 (high Aug.21).
EUR/USD hurt by Syria, eyes on US docket
The demand for the euro remains depressed in favour of the safe havens – USD, JPY, CHF - as jitters on Syria continue to grow bigger. According to last news, only President Obama’s order is needed to unleash a missile strike on Syrian territory. Ahead in the day, US Pending Home Sales will be in the limelight across the pond, trying to revert the recent soft results from the housing sector. Prior surveys expect sales to expand 0.2% on a monthly basis during July, leaving behind June’s 0.4% contraction.
EUR/USD key levels
The pair is now losing 0.35% at 1.3346 and a dip beyond 1.3328 (MA21d) would target 1.3322 (low Aug.27) en route to 1.3299 (low Aug.22). On the upside, the initial hurdle lines up at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and finally 1.3427 (high Aug.21).