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13 Jun 2013
EUR/USD testing 1.3300 barrier
FXstreet.com (New York) - The EUR/USD capsized Thursday, having fallen lower during US trading after the release of upbeat US data.
EUR/USD nestled by support at 1.3300 level
Briefing the technicals, the pair is operating off of its opening at -0.23% in at the time of writing at the 1.3300 barrier. The next supportive structure lies at the 1.3295 level, with additional measures at 1.3223 ahead of 1.3195.
Earlier today in the United States, Retail Sales (MoM) have climbed +0.6% in May, beating expectations of +0.4%. Moreover, Initial Jobless Claims (June 7) yielded 334K, against estimates of 345K. Finally, Business Inventories climbed +0.3%, in line with projections.
EUR/USD hinges on stability above 1.3225
“The EUR/USD dropped below 61.8% correction at 1.3345, as stabilizing below it reduces positivity without cancelling it. We count on stability above 1.3225 to keep the positive expectations and stability above 1.3270 keeps our intraday positive expectations today. “notes the Technical Analyst Team at ICN.com.
EUR/USD nestled by support at 1.3300 level
Briefing the technicals, the pair is operating off of its opening at -0.23% in at the time of writing at the 1.3300 barrier. The next supportive structure lies at the 1.3295 level, with additional measures at 1.3223 ahead of 1.3195.
Earlier today in the United States, Retail Sales (MoM) have climbed +0.6% in May, beating expectations of +0.4%. Moreover, Initial Jobless Claims (June 7) yielded 334K, against estimates of 345K. Finally, Business Inventories climbed +0.3%, in line with projections.
EUR/USD hinges on stability above 1.3225
“The EUR/USD dropped below 61.8% correction at 1.3345, as stabilizing below it reduces positivity without cancelling it. We count on stability above 1.3225 to keep the positive expectations and stability above 1.3270 keeps our intraday positive expectations today. “notes the Technical Analyst Team at ICN.com.