Currency Analyst since 2010

EUR/USD in sideways range

EUR/USD is trading between $1.3324 (euro touched this level 3 times) on the upside and $1.3260 (yesterday’s low) on the downside.

The pair lacks any significant momentum for now. Euro area will release employment change data at 09:00 GMT. European finance ministers meet today, so there may be a stream of comments. Later today there will be a bunch of data from the US at 12:30 and 13:55 GMT.

EUR/USD looks very resilient despite good data from the US and the talk of the Fed’s tapering. America is definitely the focus for now as the war in Syria is put on hold.

Support: $1.3277, $1.3260, $1.3250, $1.3235.

Resistance: $1.3285, $1.3293, $1.3323, $1.3345.

Chart. H4 EUR/USD

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