Wednesday, 23 January 2013

EUR/USD holds steady ahead of Draghi speech

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More at http://daily20pips.blogspot.com/2013/01/kate-upton-in-bikini.html
The euro held steady against the U.S. dollar on Tuesday, after disappointing U.S. home sales data, as investors remained cautious ahead of a speech by European Central Bank President Mario Draghi later in the day. 
EUR/USD hit 1.3267 during U.S. morning trade, the pair's lowest since January 16; the pair subsequently consolidated at 1.3309, dipping 0.02%. 
The pair was likely to find support at 1.3249, the low of January 11 and resistance at 1.3372, the session high. 

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