EUR/USD parked at 1.3300, Draghi eyed The EUR/USD is looking to stabilize in the proximities of 1.3300 the figure on Thursday, ahead of the speech by President M.Draghi due in the European midday. EUR/USD pointing towards 1.3450? The absence of relevant events in both US and the euro area prompted the pair to extend the rally beyond 1.3320, ignited by lacklustre Payrolls and later supported by easing concerns around the Middle East after President Obama put a US attack in the back burner. “Short term dips ought to hold 1.3170 (ideally 1.3215) to allow for a secondary squeeze, but a surge through 1.3370 is needed to push aside downside risks for a push through 1.3450 for a retest of 1.3710”, noted Tim Riddell, Head of Global Markets Research at ANZ. EUR/USD levels to watch The pair is now losing 0.05% at 1.3303 and a breakdown of 1.3230 (low Sep.10) would aim for 1.3222 (MA10d) and then 1.3157 (low Sep.9). On the upside, the initial hurdle aligns at 1.3325 (high Sep.11) followed by 1.3343 (high Aug.29) and then 1.3399 (high Aug.28). On the downside, a breach of
Posted on: Thu, 12 Sep 2013 08:27:53 +0000
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