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20 Jun 2013
EUR/USD holding at 1.3200 after US jobless claims
FXstreet.com (New York) - The EUR/USD foreign exchange rate has snuggled itself in at the 1.3200 level Thursday, unable to break out of this range despite the release of US data.
In the United States, Initial Jobless Claims (June 15) came in at 354K, missing expectations of 340K. Moreover, Continuing Jobless Claims (June 8) were reported at 2.951M vs. a projection calling for 2.960M.
EUR/USD static at 1.3200 barrier
At the time of writing, the EUR/USD technical pair is trading at 1.3202, down a -0.70% during US trading. The Mataf.net analyst team points to the propensity for short-term supports at 1.3168, ahead of 1.3074. On the ascension, resistive measures are found at 1.3380, then 1.3474, and ultimately 1.3533.
EUR/USD must break 1.3170 support to extend downturn
According to the Technical Analyst Team at ICN.com, “The EUR/USD is trading below 50% correction at 1.3230, as stability below that level is considered negative over intraday basis. Therefore, we hold on to our negative expectations of the pair especially that momentum indicators are reflecting negativity. The pair has to break levels 1.3170 to support extending the downside move during today’s session.”
In the United States, Initial Jobless Claims (June 15) came in at 354K, missing expectations of 340K. Moreover, Continuing Jobless Claims (June 8) were reported at 2.951M vs. a projection calling for 2.960M.
EUR/USD static at 1.3200 barrier
At the time of writing, the EUR/USD technical pair is trading at 1.3202, down a -0.70% during US trading. The Mataf.net analyst team points to the propensity for short-term supports at 1.3168, ahead of 1.3074. On the ascension, resistive measures are found at 1.3380, then 1.3474, and ultimately 1.3533.
EUR/USD must break 1.3170 support to extend downturn
According to the Technical Analyst Team at ICN.com, “The EUR/USD is trading below 50% correction at 1.3230, as stability below that level is considered negative over intraday basis. Therefore, we hold on to our negative expectations of the pair especially that momentum indicators are reflecting negativity. The pair has to break levels 1.3170 to support extending the downside move during today’s session.”