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17 Jul 2013
EUR/USD: If 1.32 cleared, targets at 1.3275/3375 - 2ndSkies
FXstreet.com (Barcelona) - EUR/USD is trading at its session lows around 1.3135 following a corrective retracement off its weekly high at 1.3172 after a resilient rise off 1.3048 lows post the downbeat ZeW indicator in Germany earlier in Europe.
According to Chris Capre, Founder at 2ndSkies: "Now the pair faces an interesting challenge as the 1.3200 resistance level is just above, so buyers will have to be strong in overcoming this barrier. Should it be cleared, expect 1.3275 up next, and then 1.3375 thereafter. Bears can look for price action sell signals at these upper two levels, unless intraday charts show weakness at 1.3200."
According to Chris Capre, Founder at 2ndSkies: "Now the pair faces an interesting challenge as the 1.3200 resistance level is just above, so buyers will have to be strong in overcoming this barrier. Should it be cleared, expect 1.3275 up next, and then 1.3375 thereafter. Bears can look for price action sell signals at these upper two levels, unless intraday charts show weakness at 1.3200."