7 August 2013, 17:59  The EUR/USD remains around the key handle at 1.3300

The EUR/USD remains around the key handle at 1.3300 on Wednesday, as markets continue to digest the BoE announcements. The upside momentum around the euro continues to struggle despite the advance beyond 1.3300 the figure, although the pair looks set to keep the current consolidation pattern as no relevant catalysts emerge throughout the rest of the week. Analysts at InnerFX suggested, “Intraday studies are currently bearish and it’s time to keep an eye on first support, at 1.3170”. At the moment the pair is down 0.03% at 1.3302 with the initial support at 1.3246 (low Aug.6) followed by 1.32233 (low Aug.5) and then 1.5200 (psychological level). On the other hand, a surpass of 1.3323 (high Aug.6) would aim for 1.3345 (high Jul.31) and finally 1.3417 (high Jun.19).

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