We’ve slipped to 1.3359 after the NAHB data and if that is the reason then the market was very slow to the early release. 1.3340/45 hold the next batch of bid ahead of a reported barrier at 1.3325, though support is seen just ahead of that at 1.3330/35.
EUR/USD H4 chart 18 08 2014
I’m not sure why the euro and pound are moving so much here when USD/JPY is pretty steady after the data, but it is only 20 odd pips so nothing much to write home about. If we do break 1.3360 fully then I should think we see a test of the 1.3330 area. Keep one eye on EUR/GBP which is back under 0.8000 with support at 0.7977/80.
Up above, as usual, 1.3400 is still haunting the buyers.
