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24 Jun 2013
EUR/USD trading 100 pips lower
FXstreet.com (London) - EUR/USD sold off aggressively last week, ducking away from the 200 week ma around the 2011-2013 resistance line at1.3427/46.
EUR/USD is opening in European markets this week 100 pips lower and now trades below 1.3100 the figure.
The EUR is lower, starting off in this week on a broad based rise in the US dollar. The main focus today will be German IFO due at 8GMT while in the afternoon we have some second trier US data in the form of Chicago Fed National Activity Index (May) and Dallas Fed Manufacturing Business Index (June). Gareth Berry at UBS knows sees important support at 1.2797 and key resistance is at 1.3254 ahead of 1.3417.
EUR/USD is opening in European markets this week 100 pips lower and now trades below 1.3100 the figure.
The EUR is lower, starting off in this week on a broad based rise in the US dollar. The main focus today will be German IFO due at 8GMT while in the afternoon we have some second trier US data in the form of Chicago Fed National Activity Index (May) and Dallas Fed Manufacturing Business Index (June). Gareth Berry at UBS knows sees important support at 1.2797 and key resistance is at 1.3254 ahead of 1.3417.