Back
14 Feb 2013
Forex: EUR/USD in lows below 1.3400
The shared currency accelerates its descent below the key mark at 1.3400 on Wednesday, after both French and German GDP figures during the fourth quarter have disappointed expectations, contracting 0.3% and 0.6% inter-quarter, respectively.
As of writing, EUR/USD is retreating 0.44% at 1.3392
Next support levels line up at 1.3364 (low Feb.12) ahead of 1.3325 (low Feb.11) and then 1.3300 (psychological level).
On the other hand, a break above 1.3442 (MA21d) would lead to 1.3472 (MA10d) and finally 1.3520 (high Feb.13).
As of writing, EUR/USD is retreating 0.44% at 1.3392
Next support levels line up at 1.3364 (low Feb.12) ahead of 1.3325 (low Feb.11) and then 1.3300 (psychological level).
On the other hand, a break above 1.3442 (MA21d) would lead to 1.3472 (MA10d) and finally 1.3520 (high Feb.13).