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15 Aug 2013
EUR/USD around 1.3230 on better US Jobs data
FXstreet.com (Edinburgh) -The selling pressure intensified around the shared currency on Thursday, pushing the EUR/USD to fresh intraday lows around 1.3230/35 on better report from the US labour market
EUR/USD prolongs the decline
The pair fell through 1.3260 after US Initial Claims dropped to 320K in the week ended on August 10, the lowest level since October 2007. Further data showed that the NY Empire State manufacturing index fell to 8.24 in August, missing the median at 10.00 and down from July’s 9.46. Next on tap will be the US Industrial Production figures, TIC flows and the Philly manufacturing Survey.
EUR/USD levels to watch
As of writing the pair is losing 0.14% at 1.3237 with the next support at 1.3200 (psychological level) and then 1.3188 (low Aug.2). On the upside, the initial barrier lies at 1.3311 (high Aug.15) followed by 1.3317 (high Aug.13) and finally 1.334 (high Aug.12).
EUR/USD prolongs the decline
The pair fell through 1.3260 after US Initial Claims dropped to 320K in the week ended on August 10, the lowest level since October 2007. Further data showed that the NY Empire State manufacturing index fell to 8.24 in August, missing the median at 10.00 and down from July’s 9.46. Next on tap will be the US Industrial Production figures, TIC flows and the Philly manufacturing Survey.
EUR/USD levels to watch
As of writing the pair is losing 0.14% at 1.3237 with the next support at 1.3200 (psychological level) and then 1.3188 (low Aug.2). On the upside, the initial barrier lies at 1.3311 (high Aug.15) followed by 1.3317 (high Aug.13) and finally 1.334 (high Aug.12).