Euro gains on better retail sales, above 1.3100

By TraderVox.com

Tradervox (Dublin) – Euro is gaining against the US dollar during the US session, recovering the earlier losses of the day. The EUR/USD pair is trading around 1.3115, still down about quarter of a percent for the day. The support may be seen at 1.3100 and below at 1.3080 levels.

The resistance may be seen at 1.3160 and above 1.3220. FED will announce the interest rate decision later during the day. The interest rate is expected to be kept unchanged. The retail sales came better at 1.1% against the expected value of 1%.

The Sterling Pound has deviated from its correlation with Euro as the cable has come above the 1.5700 levels. The pair is trading around 1.5740, up about 0.70% for the day. The pair has gained almost 100 pips in the last 3 hours. The support may be seen at 1.5700 and below at 1.5650. The resistance may be seen at 1.5760 and above at 1.5800.

The USD/CHF has come off the recent highs above 0.9200 and now during the US session has come below the 0.9200 levels. The pair is trading around 0.9198, up about 0.30% for the day. The resistance may be seen at 0.9200 and above at 0.9250. The support may be seen at 0.9150 and below at 0.9125 levels.

The USD/JPY is trading around 82.67, up about half a percent for the day. The resistance may be seen at 83 and 83.30 levels while the support may be seen at 82.55 and below at 82.30 levels.

The Australian dollar is trading around 1.053, up about quarter of a percent for the day against the US dollar. The pair has trimmed the earlier losses and is now trading in green. The support may be seen at 1.0500 and below at 1.0450. The resistance may be seen at 1.0560 and 1.0060 levels.

The US dollar index is trading around 80.43 off from the highs.

Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management.

Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox