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1 Oct 2013
EUR/USD a double top?
FXstreet.com (London) - EUR/USD has recorded a lower high of 1.3557 for a double top and a low of 1.3478 whilst nervous markets are reluctant to take the pair in a particular direction with any conviction.
The week is gearing up for US job numbers with eyes on the Fed and the debt ceiling as well. The from the EZ, Emmanual Ng, strategist at OCBC said the EUR/USD swirling Italian political uncertainty may continue to take a toll on the EUR/USD in the very short term. From the calendar today, research teams at TD Securities said, “Eurozone CPI slipped from 1.3% to 1.1% Y/Y in Sept, coming in below market expectations for 1.2%. So nothing here that would push the ECB away from its dovish stance on Wed”.
EUR/USD Levels
The 20 DMA is 1.3368, the 50 DMA is 1.3327 and the 200 DMA is 1.3173. RSI (14) reads 57.51. Supports are ascending from 1.3410 1.3452, 1.3462, 1.3478, 1.3503 and 1.3513. Spot is 1.3526 while resistances are 1.3544 and 1.3711.
The week is gearing up for US job numbers with eyes on the Fed and the debt ceiling as well. The from the EZ, Emmanual Ng, strategist at OCBC said the EUR/USD swirling Italian political uncertainty may continue to take a toll on the EUR/USD in the very short term. From the calendar today, research teams at TD Securities said, “Eurozone CPI slipped from 1.3% to 1.1% Y/Y in Sept, coming in below market expectations for 1.2%. So nothing here that would push the ECB away from its dovish stance on Wed”.
EUR/USD Levels
The 20 DMA is 1.3368, the 50 DMA is 1.3327 and the 200 DMA is 1.3173. RSI (14) reads 57.51. Supports are ascending from 1.3410 1.3452, 1.3462, 1.3478, 1.3503 and 1.3513. Spot is 1.3526 while resistances are 1.3544 and 1.3711.