EUR/USD withdraws from Max

FXstreet.es (Edinburgh) - after reaching the highest of the day on the threshold of 1.3080, the rise of the EUR/USD has lost force, leaving the initial gains on the way and returning to the area of 1.3060.

EUR/USD isolated from the events and data

Despite good data of the Spanish labour market, where unemployment has fallen into 127.2K during June, the common currency continues to ignore almost everything that happens to her around face to the ECB meeting scheduled for Thursday. Recall that the B.Coeure Council Member would have commented on the possibility of the central bank to set guidelines for its monetary policy. Analyst Derek Halpenny in BTMU reviewed that "we believe that measures will be taken to reduce the risk of a premature increase in rates which can erase any signs of recovery - measures of the ECB would help intensify the downward pressure on the pair with the passage of time".

EUR/USD levels relevant

At the time of writing the pair operates without 1.3065 changes with the next fence in 1.3103 (max. jun.28) in front of 1.3115 (MA30d) and finally 1.3151 (max. jun.25). On the bearish side, beyond falling 1.3004 (min. Jun.) would open the door to 1.2991 (min. jun.28) and after 1.2985 (min. jun.26).

* FXstreet.es, news of currency *