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EURUSD was traded at its two-week low January 3 2013

ForexZig.com January 3, 2013

The euro was traded lower against the greenback in EURUSD today, as the American dollar had recovered from losses suffered in wake of a successful congressional vote that rejected the fiscal cliff.

During the late Asian trade, currency pair EURUSD hit the level 1.3124, bottom for this session and the lowest level since December 14. Later on the pair found consolidation at 1.3147, changing with 0.3%.

The pair EURUSD  was expected to find support at 1.3065, the bottom level from December 14, and resistance at 1.3293, peak from Wednesday.

EURUSD

EURUSD, H1

Investors are still nervous over the longer term outlook, with deals on increasing the U.S. debt ceiling still to come in February.

At the same time, the euro was lower against the yen and pound, with EURJPY trading at 114.74 and EURGBP going down to 0.8097.

Later this day, Germany is expected to publish official data on unemployment change. Besides, Spain is about to release a similar report.

Moreover, America is going to show a report on ADP nonfarm payrolls, together with its weekly government report on initial jobless claims. Also, the Federal Reserve is expected to publish the minutes of its most recent policy-setting meeting.

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