Currency Analyst since 2010

EUR/USD hit $1.3253

EUR/USD hit $1.3253 where it has found some support. The pressure on euro rose amidst risk aversion on Syrian problem. The single currency failed to settle above $1.3400 and this fact has clearly discouraged the bulls. The number of unemployed in Germany increased by 7K vs. an expected contraction by 5K. Italy and Spain will sell bonds today.  In addition, market players expect an upward revision of US GDP at 12:30 GMT.

Further support lies at $1.3230, $1.3200, $1.3186, $1.3163 and $1.3135. Resistance is at $1.3300, $1.3343, $1.3357 and $1.3400.

Chart. H1 EUR/USD

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