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6 May 2013
Forex: EUR/USD keeps 1.3100 on Sentix
FXstreet.com (Barcelona) - The bloc currency is managing quite well to keep the boundaries of 1.3100 on Monday, after the Sentix index in the euro area improved to -15.6 for the month of May from -17.3 in the previous reading. The print however is below consensus’s forecast at -15.2.
Retail Sales in the bloc are due next and according to prior surveys, they’re expected to contract 0.1% on a monthly basis and 1.9% over the last twelve months.
As of writing, EUR/USD is down 0.12% at 1.3106 and a violation of 1.3033 (low May 3) would open the door to 1.3015 (low Apr.29) and then 1.3000 (low Apr.29).
On the flip side, resistance levels are located at 1.3160 (high May 3) followed by 1.3220 (high May 2) and finally 1.3243 (high May 1).
Retail Sales in the bloc are due next and according to prior surveys, they’re expected to contract 0.1% on a monthly basis and 1.9% over the last twelve months.
As of writing, EUR/USD is down 0.12% at 1.3106 and a violation of 1.3033 (low May 3) would open the door to 1.3015 (low Apr.29) and then 1.3000 (low Apr.29).
On the flip side, resistance levels are located at 1.3160 (high May 3) followed by 1.3220 (high May 2) and finally 1.3243 (high May 1).