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29 Aug 2013
EUR/USD threatens 1.3300 ahead of data
FXstreet.com (Edinburgh) -The shared currency continues to trade on the back footing on Thursday, with the EUR/USD falling to test the key 1.3300 handle ahead of interesting euro docket.
EUR/USD vs. Spanish, German data
Markets left the Syrian front apart for a while, albeit the situation remains delicate and promises to continue to drive the markets in the upcoming sessions. Spain will publish its GDP figures for the second quarter, with consensus expecting a contraction of 0.1% inter-quarter and a 1.7% drop over the last twelve months. Further euro data expect German jobless rate to stay put at 6.8% with the unemployment change a tad lower and the advanced CPI to rise at an annual rate of 1.7% vs. 1.9% previous.
EUR /USD levels to watch
The pair is now losing 0.24% at 1.3308 with the next support at 1.3299 (low Aug.22). On the upside, a breakout of 1.3399 (high Aug.28) would bring 1.3410 (high Aug.23) and finally 1.3427 (high Aug.21).
EUR/USD vs. Spanish, German data
Markets left the Syrian front apart for a while, albeit the situation remains delicate and promises to continue to drive the markets in the upcoming sessions. Spain will publish its GDP figures for the second quarter, with consensus expecting a contraction of 0.1% inter-quarter and a 1.7% drop over the last twelve months. Further euro data expect German jobless rate to stay put at 6.8% with the unemployment change a tad lower and the advanced CPI to rise at an annual rate of 1.7% vs. 1.9% previous.
EUR /USD levels to watch
The pair is now losing 0.24% at 1.3308 with the next support at 1.3299 (low Aug.22). On the upside, a breakout of 1.3399 (high Aug.28) would bring 1.3410 (high Aug.23) and finally 1.3427 (high Aug.21).