Our best spreads and conditions
Learn more
Forex News
Back
May 8, 2013
Forex: EUR/USD trimming gains around 1.3160/65
FXstreet.com (Barcelona) - Boosted by German industrial production results above-estimates, the single currency jumped on the buying interest wave, riding from the vicinity of 1.3100 to the very doorsteps of the key resistance at 1.3200.
Moving forward to Thursday’s docket, Chinese consumer prices will put the risk trends to the test, followed by the ECB Monthly Report and then the most relevant event, the BoE MPC meeting.
At the moment, the cross is up 0.62% at 1.3161 and a break above 1.3220 (high May 2) would expose 1.3243 (high May 1) and finally 1.3319 (high Feb.25).
On the other hand, support levels line up at 1.3068 (low May 7) ahead of 1.3052 (low May 6) and then 1.3033 (low May 3).
Moving forward to Thursday’s docket, Chinese consumer prices will put the risk trends to the test, followed by the ECB Monthly Report and then the most relevant event, the BoE MPC meeting.
At the moment, the cross is up 0.62% at 1.3161 and a break above 1.3220 (high May 2) would expose 1.3243 (high May 1) and finally 1.3319 (high Feb.25).
On the other hand, support levels line up at 1.3068 (low May 7) ahead of 1.3052 (low May 6) and then 1.3033 (low May 3).