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9 May 2013
Forex: EUR/USD keeps lows after US data
FXstreet.com (Barcelona) - The bloc currency remains in session lows around 1.3120/25 against the buck on Thursday, after the weekly report on the US labour market extended the positive momentum in the sector. In fact, Initial Claims dropped to 323K in the week ended on May 3 vs. the median at 335K and previous 327K (revised).
Next on tap across the pond will be the Wholesale Inventories ahead of a speech by Philadelphia Fed’s Plosser.
At the moment EUR/USD is losing 0.18% at 1.3127 with the immediate support at 1.3111 (MA10d) ahead of 1.3071 (low May 8) and finally 1.3068 (low May 7).
On the flip side, a breakout of 1.3194 (high May 8) would aim for 1.3220 (high May 2) and finally 1.3243 (high May 1).
Next on tap across the pond will be the Wholesale Inventories ahead of a speech by Philadelphia Fed’s Plosser.
At the moment EUR/USD is losing 0.18% at 1.3127 with the immediate support at 1.3111 (MA10d) ahead of 1.3071 (low May 8) and finally 1.3068 (low May 7).
On the flip side, a breakout of 1.3194 (high May 8) would aim for 1.3220 (high May 2) and finally 1.3243 (high May 1).