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12 Jun 2013
EUR/USD retreats back to 1.3279/80
FXstreet.com (New York) - The EUR/USD foreign exchange was rebuffed by the 1.3336 level (session high), only to erase its gains and retreat into negative territory Wednesday.
EUR/USD upside remains palpable above 1.3225
According to the Technical Analyst Team at ICN.com, “The EUR/USD pair achieved more gains and moved to the upside benefiting from stability above 1.3225 as we think the bullish move might extend; upside targets reside areas around 78.6% correction at 1.3505 then 88.6% at 1.3605 levels. Trading above 1.3225 keeps the possibility of the upside move valid during the upcoming period.”
EUR/USD trading above first support
The EUR/USD has moved into negative territory during European trading, negotiating an exchange of 1.3279/80, down -0.25% on the day thus far. According to the Mataf.net analyst team, the EUR/USD will face calculated short-term supports at 1.3259, then 1.3202, and ultimately 1.3174. Alternatively, resistances will be seen higher at 1.3344, onto 1.3373, and 1.3479.
EUR/USD upside remains palpable above 1.3225
According to the Technical Analyst Team at ICN.com, “The EUR/USD pair achieved more gains and moved to the upside benefiting from stability above 1.3225 as we think the bullish move might extend; upside targets reside areas around 78.6% correction at 1.3505 then 88.6% at 1.3605 levels. Trading above 1.3225 keeps the possibility of the upside move valid during the upcoming period.”
EUR/USD trading above first support
The EUR/USD has moved into negative territory during European trading, negotiating an exchange of 1.3279/80, down -0.25% on the day thus far. According to the Mataf.net analyst team, the EUR/USD will face calculated short-term supports at 1.3259, then 1.3202, and ultimately 1.3174. Alternatively, resistances will be seen higher at 1.3344, onto 1.3373, and 1.3479.