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16 Aug 2013
EUR/USD it’s alive! Moves to 1.3360
FXstreet.com (Edinburgh) -The EUR/USD advanced a few pips to the boundaries of 1.3360 after the US housing data came in below forecasts during July.
EUR/USD grabs 1.3260
Housing Starts came in at 896K in July and Building Permits at 943K during the same periods, advancing from June’s readings albeit missing the median at 900K and 945K, respectively. There was almost no reaction from the pair, just a marginal gain to the regions of 1.3360. Next on tap will be the advance print of the Reuters/Michigan Consumer Sentiment index for the month of August, expected at 85.5 vs. 85.1 previous.
EUR/USD levels to watch
The pair is now up 0.05% at 1.3353 and 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). On the downside, support levels line up at 1.3188 (low Aug.2) followed by 1.3179 (MA30d) and finally 1.3164 (low Jul.23).
EUR/USD grabs 1.3260
Housing Starts came in at 896K in July and Building Permits at 943K during the same periods, advancing from June’s readings albeit missing the median at 900K and 945K, respectively. There was almost no reaction from the pair, just a marginal gain to the regions of 1.3360. Next on tap will be the advance print of the Reuters/Michigan Consumer Sentiment index for the month of August, expected at 85.5 vs. 85.1 previous.
EUR/USD levels to watch
The pair is now up 0.05% at 1.3353 and 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). On the downside, support levels line up at 1.3188 (low Aug.2) followed by 1.3179 (MA30d) and finally 1.3164 (low Jul.23).