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6 Aug 2013
EUR/USD celebrating stillness
FXstreet.com (Chicago) - EUR/USD stalled as no major movements came to life since the opening of the Asian bourses.
Price action indicated trendless markets as 0.03% gains had been accumulated in the past hour. The ICN team technical analysis reported the pair as sideways on the short term basis, with medium term view “targeting 1.2775 as far as 1.3600 is daily-closing”.
Technically speaking, the pair navigated between supports at 1.3200 (psychological level) followed by 1.3188 (low Aug.2) and ahead of 1.3166 (low Jul.25). On the upside, resistances aligned at 1.3265 (20-hour SMA) ahead of 1.3345 (high Jul.31) and 1.3417 (high Jun.19). The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis.
Price action indicated trendless markets as 0.03% gains had been accumulated in the past hour. The ICN team technical analysis reported the pair as sideways on the short term basis, with medium term view “targeting 1.2775 as far as 1.3600 is daily-closing”.
Technically speaking, the pair navigated between supports at 1.3200 (psychological level) followed by 1.3188 (low Aug.2) and ahead of 1.3166 (low Jul.25). On the upside, resistances aligned at 1.3265 (20-hour SMA) ahead of 1.3345 (high Jul.31) and 1.3417 (high Jun.19). The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis.