Nuestros mejores spreads y condiciones
Acerca de la plataforma
Noticias de trading
Back
30 Apr 2013
Forex: EUR/USD extends the correction lower
FXstreet.com (Barcelona) - After hitting fresh highs in the boundaries of the key resistance at 1.3200, the shared currency sparked a correction lower, dragging the cross to the current region of 1.3150/55, as the risk appetite seems to be taking a breather.
Markets are slowly surrendering to the lull of tomorrow’s Labour Day holiday, as there won’t be activity in most of the markets in Euroland. The euro docket will thus be empty, leaving traders to focus only on the main event: the Fed’s monetary policy meeting and press conference. The rest of the US calendar comprises the ADP report, Markit Manufacturing PMI and ISM Manufacturing.
As of writing, the pair is advancing 0.45% at 1.3157 with the next resistance at 1.3202 (high Apr.16) ahead of 1.3229 (50% of Feb-Apr slide).
On the flip side, a breach of 1.3032 (MA21d) would bring 1.2988 (low Apr.25) and then 1.2958 (MA200d).
Markets are slowly surrendering to the lull of tomorrow’s Labour Day holiday, as there won’t be activity in most of the markets in Euroland. The euro docket will thus be empty, leaving traders to focus only on the main event: the Fed’s monetary policy meeting and press conference. The rest of the US calendar comprises the ADP report, Markit Manufacturing PMI and ISM Manufacturing.
As of writing, the pair is advancing 0.45% at 1.3157 with the next resistance at 1.3202 (high Apr.16) ahead of 1.3229 (50% of Feb-Apr slide).
On the flip side, a breach of 1.3032 (MA21d) would bring 1.2988 (low Apr.25) and then 1.2958 (MA200d).