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3 Oct 2013
EUR/USD parked around 1.3600
FXstreet.com (Edinburgh) -The resilience of the shared currency remains intact on Thursday, with the EUR/USD anchored around 1.3600 the figure ahead of the US docket.
EUR/USD focus on the US shutdown
The pair extends the consolidation pattern around multi-month highs near 1.3600/20 amidst increasing jitters on the duration of the current US Government shutdown and the likeliness that it could get closer to the debt ceiling deadline on October 17th. Earlier on during the European morning, the pair payed almost no attention to the positive results from the services PMI in the euro area and the better-than-expected EMU’s retail sales. Ahead in the day, the weekly report on the US labour market is due (313K exp.) ahead of the Factory Orders (0.3% exp.) and the ISM Non manufacturing (57.2 exp.).
EUR/USD key levels
The pair is now advancing 0.16% at 1.3600 with the next resistance at 1.3623 (high Oct.3) followed by 1.3660 (high Feb.4) and then 1.3711 (2013 high Feb.1). On the downside, a break below 1.3578 (low Oct.3) would clear the way to 1.3526 (MA10d) and finally 1.3505 (low Oct.2).
EUR/USD focus on the US shutdown
The pair extends the consolidation pattern around multi-month highs near 1.3600/20 amidst increasing jitters on the duration of the current US Government shutdown and the likeliness that it could get closer to the debt ceiling deadline on October 17th. Earlier on during the European morning, the pair payed almost no attention to the positive results from the services PMI in the euro area and the better-than-expected EMU’s retail sales. Ahead in the day, the weekly report on the US labour market is due (313K exp.) ahead of the Factory Orders (0.3% exp.) and the ISM Non manufacturing (57.2 exp.).
EUR/USD key levels
The pair is now advancing 0.16% at 1.3600 with the next resistance at 1.3623 (high Oct.3) followed by 1.3660 (high Feb.4) and then 1.3711 (2013 high Feb.1). On the downside, a break below 1.3578 (low Oct.3) would clear the way to 1.3526 (MA10d) and finally 1.3505 (low Oct.2).