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18 Oct 2013
EUR/USD takes back breakthrough below 1.3680 – still above EMA20, +100 pips
FXstreet.com (Chicago) - EUR/USD prints higher lows yet lower highs ahead of Wall Street’s closing pocketing 0.04% gains for a +100 pips advancement this week.
Earlier in Europe, no official data was released similarly to the US where all governmental comments came from speeches by FOMC and Fed members. The talks in the Street continue referring to how much money the government lost after shutdown and how real and valid the data is reflecting economic performance in the country.
EUR/USD Technical Levels
Technically speaking, the pair is offered at 1.3679 oscillating between supports aligned at 1.3631 (October 4th highs), 1.3564 (October 16th highs) ahead of 1.3473 (October 16th lows) and the resistances set at 1.3680 (October 17th highs), 1.3716 (January 30th highs) followed by 1.3791 (October 8th 2011 highs). Market earnings pushed indexes higher trading in green ahead of Wall Street’s closing bell amid strong comments about the validity of the data to be released in the incoming days and weeks in the US post-shutdown. According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20.
Earlier in Europe, no official data was released similarly to the US where all governmental comments came from speeches by FOMC and Fed members. The talks in the Street continue referring to how much money the government lost after shutdown and how real and valid the data is reflecting economic performance in the country.
EUR/USD Technical Levels
Technically speaking, the pair is offered at 1.3679 oscillating between supports aligned at 1.3631 (October 4th highs), 1.3564 (October 16th highs) ahead of 1.3473 (October 16th lows) and the resistances set at 1.3680 (October 17th highs), 1.3716 (January 30th highs) followed by 1.3791 (October 8th 2011 highs). Market earnings pushed indexes higher trading in green ahead of Wall Street’s closing bell amid strong comments about the validity of the data to be released in the incoming days and weeks in the US post-shutdown. According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20.