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8 Jul 2013
EUR/USD flat around 1.2820
FXstreet.com (Edinburgh) - Choppy start of the week for the shared currency so far, with the EUR/USD meandering between 1.2810 and 1.2830 before the opening bell in London,
EUR/USD vs. Eurogroup
The Eurogroup will meet in Brussels today, with austerity measures, Greece, Portugal and Cyprus as the main titles of the officials’ agenda. However, market participants are quite skeptic of the overcome, especially with the German elections on the horizon. Data-wise, EMU’s Sentix index is due ahead of Germany’s industrial production figures and President M.Draghi speech.
EUR/USD tech levels
The pair is now up 0.02% at 1.2815 and a breakdown of 1.2796 (low May 17) would open the door to 1.2765 (weekly cloud base) ahead of 1.2740 (2013low Apr.4). On the flip side, the initial up-barrier lies at 1.3008 (MA10d) followed by 1.3032 (high Jul.3) and finally 1.3047 (MA100d).
EUR/USD vs. Eurogroup
The Eurogroup will meet in Brussels today, with austerity measures, Greece, Portugal and Cyprus as the main titles of the officials’ agenda. However, market participants are quite skeptic of the overcome, especially with the German elections on the horizon. Data-wise, EMU’s Sentix index is due ahead of Germany’s industrial production figures and President M.Draghi speech.
EUR/USD tech levels
The pair is now up 0.02% at 1.2815 and a breakdown of 1.2796 (low May 17) would open the door to 1.2765 (weekly cloud base) ahead of 1.2740 (2013low Apr.4). On the flip side, the initial up-barrier lies at 1.3008 (MA10d) followed by 1.3032 (high Jul.3) and finally 1.3047 (MA100d).