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Forex: EUR/USD steady after US data

By FXstreet.com,  December 13, 2012, 09:17:00 AM EDT

FXstreet.com (Córdoba) - The EUR/USD entered in a consolidation phase on Thursday after repeated failure to break above the 1.3100 psychological level, with the latest string of US data having little impact on the cross.

EUR/USD rose to test the 1.3100 level, propelled by Fed decision to replace Operation Twist with a program of US treasuries purchases, but failed to overcome that level and has spent the last sessions rangebound just below.

At time of writing, EUR/USD is quoting at the 1.3070/75 area, virtually unchanged since opening. As for technical levels, the Mataf.net analyst team locates immediate supports at 1.3030, 1.2980 and 1.2930, while they see resistances at 1.3075, 1.3100 and 1.3130.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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