23 Jul 2013
EUR/USD bounces off lows, around 1.3180
FXstreet.com (Edinburgh) -The shared currency is back to the 1.3180/85 area on Tuesday, managing to lift EUR/USD from session lows below 1.3170 ahead of the opening bell in New York.
EUR/USD focus on tomorrow’s PMIs
The pair continues its search for any catalyst in order to break the prevailing consolidative pattern around current levels. Advanced manufacturing PMI prints due tomorrow carry the potential euro bulls need to extend the recent rally beyond the recent peaks around 1.3220. “The inability to close above 1.3200 over the past 24 hours suggests the recent bullish move could be losing steam”, assessed strategists at TD Securities.
EUR/USD critical levels
At the moment the pair is retreating 0.06% at 1.3177 with the initial support at 1.3115 (low Jul.22) followed by 1.3106 (cloud base) and finally 1.3089 (low Jul.19). On the upside, a break above 1.3218 (high Jul.22) would open the door to 1.3255 (high Jun.21) and then 1.3261 (76.4% of 1.3417-1.2755).
EUR/USD focus on tomorrow’s PMIs
The pair continues its search for any catalyst in order to break the prevailing consolidative pattern around current levels. Advanced manufacturing PMI prints due tomorrow carry the potential euro bulls need to extend the recent rally beyond the recent peaks around 1.3220. “The inability to close above 1.3200 over the past 24 hours suggests the recent bullish move could be losing steam”, assessed strategists at TD Securities.
EUR/USD critical levels
At the moment the pair is retreating 0.06% at 1.3177 with the initial support at 1.3115 (low Jul.22) followed by 1.3106 (cloud base) and finally 1.3089 (low Jul.19). On the upside, a break above 1.3218 (high Jul.22) would open the door to 1.3255 (high Jun.21) and then 1.3261 (76.4% of 1.3417-1.2755).