Euro close to 1.3300 levels in a risk off trade

By TraderVox.com

Tradervox (Dublin) – Euro opened up by 20 pips but soon closed up the gap during the Asian session. The Euro recovered during the late European session to print a fresh high of the day at 1.3380. But during the European session, the pair started losing the levels and has printed a fresh low for the day at 1.3323.

It is currently trading near the low at 1.3328, down about quarter of a percent for the day. The support may be seen at 1.3325 and at 1.3280. The resistance may be seen at 1.3360 and at 1.3400 levels. PMI from Germany came at 48.4 against 48.1 expected value while PMI from EMU came in line with expectation at 47.7.

Unlike Euro, GBP pulled up against the US dollar as it defended the 1.6000 levels and is currently trading at 1.6019, almost flat for the day. The resistance may be seen at 1.6050 and above at 1.6100 levels. The support may be seen at 1.6000 and below at 1.5940. UK's PMI came at 52.1 better than expected PMI of 50.7.

The USD/CHF pair also defended a 0.9000 level and recovered to forme a fresh high of 0.9041. The pair is currently trading around the high 0.34% for the day. The support may be seen at 0.9020 and below at 0.9000. The resistance may be seen at 0.9050 and above at 0.9080. SVME PMI came better than expected at 51.1 against the expected value of 49.5.

The USD/JPY lost the levels continuously throughout the day as it came from 83.30 to form a print a fresh low of 82.44. Currently it is trading around 82.58, down about 0.55% for the day. The support may be seen at 82.40 and below at 82. The resistance may be seen at 82.90 and above at 83.30.

The AUD/USD is opened up with a gap of 70 pips but gave up all the gains back during the day. It is currently trading around 1.0372, down about 0.75% for the day. The support may be seen at the current levels and below at 1.0320. The resistance may be seen at 1.0420 and above at 1.0480.

The US dollar index is trading around 79.11.

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