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28 Aug 2013
EUR/USD slumps toward 1.3300
FXstreet.com (Córdoba) - The EUR/USD took an ugly turnaround and slumped right before the release of US pending home sales data as wild moves continue in the wake of escalating tensions in Syria.
EUR/USD dropped more than 60 pips in a matter of minutes and scored a fresh weekly low of 1.3304 in recent dealings. However, EUR bears seems to be waiting the data to pull the trigger (or not) below the 1.3300 mark.
EUR/USD eyes key support
At time of writing, EUR/USD is trading around the 1.3310 zone, 0.6% below its opening price, with immediate supports at 1.3300 (psychological level) and 1.3280 (Aug 14 high).
EUR/USD dropped more than 60 pips in a matter of minutes and scored a fresh weekly low of 1.3304 in recent dealings. However, EUR bears seems to be waiting the data to pull the trigger (or not) below the 1.3300 mark.
EUR/USD eyes key support
At time of writing, EUR/USD is trading around the 1.3310 zone, 0.6% below its opening price, with immediate supports at 1.3300 (psychological level) and 1.3280 (Aug 14 high).