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5 Aug 2013
EUR/USD in lows around 1.3250
FXstreet.com (Edinburgh) -The shared currency accelerates its descent on Monday, dragging the EUR/USD from peaks in the boundaries of 1.3300 the figure to the current area near 13250.
EUR/USD capped by 1.3300
“Weekly trend resistance (1.3357) is containing the EUR advance and the weekly “doji” candle suggests that the move up seen over the past three weeks may be stalling… At the very least, with spot at the upper end of the recent trading range, we have to favour short positions and look for a drop back to the 1.30 area near-term (at least)”, commented S.Osborne and G.Moore, FX Strategists at TD Securities.
EUR/USD critical levels
At the moment the pair is down 0.14% at 1.3200 (psychological level) ahead of 1.3188 (low Aug.2) and finally 1.3166 (low Jul.25). On the upside, a break above 1.3311 (high Aug.1) would open the door to 1.3345 (high Jul.31) and then 1.3417 (high Jun.19).
EUR/USD capped by 1.3300
“Weekly trend resistance (1.3357) is containing the EUR advance and the weekly “doji” candle suggests that the move up seen over the past three weeks may be stalling… At the very least, with spot at the upper end of the recent trading range, we have to favour short positions and look for a drop back to the 1.30 area near-term (at least)”, commented S.Osborne and G.Moore, FX Strategists at TD Securities.
EUR/USD critical levels
At the moment the pair is down 0.14% at 1.3200 (psychological level) ahead of 1.3188 (low Aug.2) and finally 1.3166 (low Jul.25). On the upside, a break above 1.3311 (high Aug.1) would open the door to 1.3345 (high Jul.31) and then 1.3417 (high Jun.19).