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20 Feb 2013
Forex: EUR/USD dips to session lows around 1.3340
Increasing risk aversion dominating the global markets are punishing the risk-associated assets on Wednesday, dragging the cross from the area around 1.3430 to sub 1.3340 levels, ahead of the FOMC minutes due later.
In the data front, flash EMU Consumer Confidence for the month of February came in short of expectations at -23.6 vs. the median at -23.1 and -23.9 previous.
EUR/USD is now losing 0.29% at 1.3349
Next support levels line up at 1.3307 (low Feb.15) ahead of 1.3286 (low Jan.24) and then 1.3276 (MA55d).
On the upside, a surpass of 1.3450 (MA21d) would aim for 1.3456 (high Feb.14) and then 1.3482 (hourly highs. Feb.13).
In the data front, flash EMU Consumer Confidence for the month of February came in short of expectations at -23.6 vs. the median at -23.1 and -23.9 previous.
EUR/USD is now losing 0.29% at 1.3349
Next support levels line up at 1.3307 (low Feb.15) ahead of 1.3286 (low Jan.24) and then 1.3276 (MA55d).
On the upside, a surpass of 1.3450 (MA21d) would aim for 1.3456 (high Feb.14) and then 1.3482 (hourly highs. Feb.13).