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17 Jun 2013
EUR/USD rebounds to 1.3350
FXstreet.com (Edinburgh) - Sudden buying interest in the shared currency around lows at 1.3320 is now lifting the EUR/USD to the boundaries of 1.3350 on Monday.
FOMC remains ‘the’ event for EUR/USD
“Together with evidence that euro money market rates are about to top out this suggests that also EUR/USD could be near a short-term peak. Risks likely remain to the upside this week, however, as lower US inflation expectations leave a risk of the FOMC sounding more dovish and the market pricing a later date for QE tapering”, assessed Kasper Kirkegaard, Senior Analyst at Danske Bank.
EUR/USD support/resistance levels
At the moment the pair is losing 0.03% at 1.3345 and a breakdown of 1.3295 (low Jun.14) would open the door to 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12). On the upside, the next hurdle lies at 1.3390 (high Jun.13) ahead of 1.3434 (high Feb.20) and then 1.3456 (high Feb.14).
FOMC remains ‘the’ event for EUR/USD
“Together with evidence that euro money market rates are about to top out this suggests that also EUR/USD could be near a short-term peak. Risks likely remain to the upside this week, however, as lower US inflation expectations leave a risk of the FOMC sounding more dovish and the market pricing a later date for QE tapering”, assessed Kasper Kirkegaard, Senior Analyst at Danske Bank.
EUR/USD support/resistance levels
At the moment the pair is losing 0.03% at 1.3345 and a breakdown of 1.3295 (low Jun.14) would open the door to 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12). On the upside, the next hurdle lies at 1.3390 (high Jun.13) ahead of 1.3434 (high Feb.20) and then 1.3456 (high Feb.14).