1 Jul 2013
EUR/USD around 1.3050 after EMU data
FXstreet.com (Barcelona) - The bloc currency keeps the intraday range so far, with the EUR/USD meandering around 1.3040 and 1.3050 after EMU data from consumer prices and employment.
EUR/USD remains buoyant
The pair continues to trade in an upbeat tone at the beginning of the week, bolstered by mixed results from manufacturing PMI prints, as euro periphery prints surprised to the upside while the German reading came in below forecasts. The jobless rate in the bloc rose to 12.1% during May. Although less that expectations at 12.3%, the unemployment continues to inch higher, showing once again the failure of the EU officials when comes to develop and implement policies/measures in order to quell this worrying situation.
EUR/USD levels to consider
As of writing, the pair is advancing 0.29% at 1.3052 with the next resistance at 1.3103 (high Jun.28) ahead of 1.3115 (MA30d) and finally 1.3151 (high Jun.25). On the downside, a break below 1.3004 (low Jul.1) would open the door to 1.2991 (low Jun.28) and then 1.2985 (low Jun.26).
EUR/USD remains buoyant
The pair continues to trade in an upbeat tone at the beginning of the week, bolstered by mixed results from manufacturing PMI prints, as euro periphery prints surprised to the upside while the German reading came in below forecasts. The jobless rate in the bloc rose to 12.1% during May. Although less that expectations at 12.3%, the unemployment continues to inch higher, showing once again the failure of the EU officials when comes to develop and implement policies/measures in order to quell this worrying situation.
EUR/USD levels to consider
As of writing, the pair is advancing 0.29% at 1.3052 with the next resistance at 1.3103 (high Jun.28) ahead of 1.3115 (MA30d) and finally 1.3151 (high Jun.25). On the downside, a break below 1.3004 (low Jul.1) would open the door to 1.2991 (low Jun.28) and then 1.2985 (low Jun.26).