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Berita dagangan
4 Feb 2013
Forex: EUR/US hovering over 1.3565/70 after US data
The single currency posted no reaction after the US Factory Orders grew 1.8% on a monthly basis during December, beating November’s flat print although below the 2.2% expansion forecasted.
The euro is extending its intraday decline on Monday, in line with the opinion of Jane Foley, analyst at Rabobank, when she commented, “Our non-consensus view that EUR/USD would push higher has been vindicated, but we can’t help but feel uncomfortable with EUR/USD at current levels and are concerned that a correction is on the cards”.
As of writing, the cross is retreating 0.58% at 1.3571 with the immediate support 1.3542 (low Jan.31) followed by 1.3483 (low Jan.30).
On the other hand, a climb beyond 1.3660 (hourly high Feb.4) would bring 1.3711 (high Feb.1).
The euro is extending its intraday decline on Monday, in line with the opinion of Jane Foley, analyst at Rabobank, when she commented, “Our non-consensus view that EUR/USD would push higher has been vindicated, but we can’t help but feel uncomfortable with EUR/USD at current levels and are concerned that a correction is on the cards”.
As of writing, the cross is retreating 0.58% at 1.3571 with the immediate support 1.3542 (low Jan.31) followed by 1.3483 (low Jan.30).
On the other hand, a climb beyond 1.3660 (hourly high Feb.4) would bring 1.3711 (high Feb.1).