EUR/USD keeps the range
The pair remains apathetic after Initial Claims dropped to 309K in the week ended on September 13th, bettering estimates at 330K albeit higher than the previous week’s 294K (revised). Further data showed that the US current account deficit shrunk to $98.89 billion during the second quarter, down from Q1’s $104.90 deficit (revised). Next on tap in the US docket will be the results from Existing Home Sales during August and the regional gauge of the manufacturing sector by the Philly Fed index.
EUR/USD tech levels
The pair is now up 0.17% at 1.3545 with the next resistance at 1.3598 (high Feb.5) ahead of 1.3660 (high Feb.4) and then 1.3711 (2013 high Feb.1). On the flip side, a breakdown of 1.3501 (low Sep.19) would open the door to 1.3453 (high Aug.20) and finally 1.3399 (high Aug.28).