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18 Jun 2013
EUR/USD dips to lows around 1.3330
FXstreet.com (Edinburgh) - The pessimism surrounding the euro continues to exacerbate the intraday decline, pushing the EUR/USD to fresh lows in the proximity of 1.3330 on Tuesday.
Draghi’s comments weighted on EUR/USD
The selling pressure in the euro has intensified after President Draghi emphasized that the central bank has an open mind on non-standard monetary policy. The central banker also underlined that the stability in prices remains the main objective. In light of the upcoming ZEW Survey, Strategist Alvin Pontoh at TD Securities commented, “We expect a mixed message from the ZEW, with small upside risks to current sentiment but future expectations look likely to remain close to flat, which would disappoint the consensus view for improvement in June”.
EUR/USD tech levels
At the moment, the pair is down 0.20% at 1.3338 with the next support at 1.3295 (low Jun.14) followed by 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12). On the upside, a break above 1.3390 (high Jun.13) would open the door to 1.3434 (high Feb.20) and then 1.3456 (high Feb.14).
Draghi’s comments weighted on EUR/USD
The selling pressure in the euro has intensified after President Draghi emphasized that the central bank has an open mind on non-standard monetary policy. The central banker also underlined that the stability in prices remains the main objective. In light of the upcoming ZEW Survey, Strategist Alvin Pontoh at TD Securities commented, “We expect a mixed message from the ZEW, with small upside risks to current sentiment but future expectations look likely to remain close to flat, which would disappoint the consensus view for improvement in June”.
EUR/USD tech levels
At the moment, the pair is down 0.20% at 1.3338 with the next support at 1.3295 (low Jun.14) followed by 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12). On the upside, a break above 1.3390 (high Jun.13) would open the door to 1.3434 (high Feb.20) and then 1.3456 (high Feb.14).