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5 Aug 2013
EUR/USD capped at 1.3300 handle
FXstreet.com (London) - EUR/USD is almost a big figure up on Fridays close and is holding just shy of the 1.3300 handle.
The pair is moving lower even while we have Markit Services PMI in the EZ have printed positively overall although Germany has come out with 51.3 vs a consensus of 52.5. We will see ISM Non-Manufacturing PMI (Jul) in the afternoon and consensus there is for a slight improvement to 53.0.
EUR/USD turning negative
EUR/USD is trading with a downside bias and the20d ma 1.3163, 50 d ma 1.3136, 200d ma 1.3094. RSI (9) reads 59.93. Supports are ascending from 1.3164, 1.3188, 1.3232 and 1.3258. Spot is currently 1.3285 and resistances are 1.3294 1.3313, 1.3345 and 1.3417.
The pair is moving lower even while we have Markit Services PMI in the EZ have printed positively overall although Germany has come out with 51.3 vs a consensus of 52.5. We will see ISM Non-Manufacturing PMI (Jul) in the afternoon and consensus there is for a slight improvement to 53.0.
EUR/USD turning negative
EUR/USD is trading with a downside bias and the20d ma 1.3163, 50 d ma 1.3136, 200d ma 1.3094. RSI (9) reads 59.93. Supports are ascending from 1.3164, 1.3188, 1.3232 and 1.3258. Spot is currently 1.3285 and resistances are 1.3294 1.3313, 1.3345 and 1.3417.