0 comments

EURUSD Slipped Nine Months’ Low After German Data; USDJPY Steady

by on August 6, 2014 8:25 am BST
 

The EURUSD fell to as low as $1.3349, its lowest level since November. It last stood at $1.3361, down 0.1 percent on the day.

The EURUSD hits a nine-month low Today, extending its losses after data showed a sharp drop in German industrial orders.

The pair weakened after data showed that German industrial orders in June posted their biggest monthly fall since September 2011 as geopolitical developments and risks made companies more cautious about taking on contracts.

That helped lift the dollar to a fresh 11-month high against a basket of major currencies.

Helping to support the dollar, data on Tuesday showed that the US services sector activity hit an 8-1/2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.

The USDJPY held steady versus 102.58.
 

EURUSD Pivot Levels Pivot Woodie Fibonacci
Resistance 3 1.3478 1.347 1.3452
Resistance 2 1.3452 1.3448 1.3426
Resistance 1 1.3412 1.3404 1.341
Pivot 1.3385 1.3381 1.3385
Support 1 1.3345 1.3337 1.336
Support 2 1.3318 1.3314 1.3344
Support 3 1.3279 1.3271 1.3318

 

USDJPY Pivot Levels Pivot Woodie Fibonacci
Resistance 3 103.32 103.28 103.12
Resistance 2 103.12 103.1 102.95
Resistance 1 102.86 102.82 102.84
Pivot 102.66 102.64 102.66
Support 1 102.4 102.36 102.48
Support 2 102.2 102.18 102.37
Support 3 101.93 101.89 102.2