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11 Jun 2013
EUR/USD bounces off lows to 1.3256/58
FXstreet.com (New York) - The EUR/USD foreign exchange has bounced off its intraday low at 1.3232 Tuesday, having pared its losses to return to opening levels during US trading.
At the time of writing, the pair has now eased back to 1.3256/58 – the Mataf.net analyst team has calculated the next short-term supportive measures for the EUR/USD at 1.3202, ahead of 1.3143 and 1.3111. On the ascension, the pair will encounter resistance at 1.3294, then 1.3327, and finally 1.3386
EUR/USD touched 1.3300 level
“The EUR/USD has re-tested the top of the 3-month channel at 1.3293. Directly above here lies the 61.8% retracement at 1.3340, however we will need a break below the accelerated uptrend at 1.3191 and yesterdays low at 1.3177 in order to alleviate immediate upside pressure.” notes Analyst Karen Jones at Commerzbank.
EUR/USD faces critical upside juncture at 1.3345
According to the Technical Analyst Team at ICN.com, “The EUR/USD pair began a new trip to the upside where it benefiting from stability above 1.3220. We think that the upside move might extend highlighting the importance of breaching 1.3345 to further support the bullish wave.”
At the time of writing, the pair has now eased back to 1.3256/58 – the Mataf.net analyst team has calculated the next short-term supportive measures for the EUR/USD at 1.3202, ahead of 1.3143 and 1.3111. On the ascension, the pair will encounter resistance at 1.3294, then 1.3327, and finally 1.3386
EUR/USD touched 1.3300 level
“The EUR/USD has re-tested the top of the 3-month channel at 1.3293. Directly above here lies the 61.8% retracement at 1.3340, however we will need a break below the accelerated uptrend at 1.3191 and yesterdays low at 1.3177 in order to alleviate immediate upside pressure.” notes Analyst Karen Jones at Commerzbank.
EUR/USD faces critical upside juncture at 1.3345
According to the Technical Analyst Team at ICN.com, “The EUR/USD pair began a new trip to the upside where it benefiting from stability above 1.3220. We think that the upside move might extend highlighting the importance of breaching 1.3345 to further support the bullish wave.”