EUR/USD keeps 1.3260, US data eyed

FXstreet.com (Edinburgh) -The single currency remains locked within a narrow range on Thursday, with the EUR/USD hovering over 1.3250/55 ahead of the US docket.

EUR/USD under pressure

Better than expected data from the US weekly labour market and the GDP Annualized during the second quarter carry the potential to boost the greenback and thus drag the pair lower, amidst the ongoing concerns around the Syria front and market chatter regarding the Fed’s tapering. According to analysts at TD Securities, “the 1.3190/3200 area is likely to provide decent support in the near term. In the coming hours, the Eurozone CPI …read more