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13 Aug 2013
EUR/USD stretches above 1.3260 zone, will ascend carry on?
FXstreet.com (Chicago) - EUR/USD bounced off 1.3235 lows after prolific amount of US data released in the US.
Wall Street closed green with the Dow up 0.20%, the Nasdaq up 0.39% and the S&P500 up 0.28% post Lockhart comments and retail sales data. According to the ICN technical analysis team, the general trend over the short term basis is sideways. Market participants await both Fed’s Bullard speech and Euro-zone GDP Q2 data later this week.
EUR/USD Technical Levels
Technically speaking, the pair trades at 1.3264 between supports at 1.3251 (July 26th lows), 1.3239 (July 24th highs) ahead of 1.3226 (June 10th lows) and resistances at 1.3271 (August 6th highs), 1.3286 (July 25th highs) followed by 1.3301 (August 4th highs). According to the FXstreet.com trend index is strongly bearish on one-hour timeframe analysis. So far, the pair accumulates 0.34% daily losses.
Wall Street closed green with the Dow up 0.20%, the Nasdaq up 0.39% and the S&P500 up 0.28% post Lockhart comments and retail sales data. According to the ICN technical analysis team, the general trend over the short term basis is sideways. Market participants await both Fed’s Bullard speech and Euro-zone GDP Q2 data later this week.
EUR/USD Technical Levels
Technically speaking, the pair trades at 1.3264 between supports at 1.3251 (July 26th lows), 1.3239 (July 24th highs) ahead of 1.3226 (June 10th lows) and resistances at 1.3271 (August 6th highs), 1.3286 (July 25th highs) followed by 1.3301 (August 4th highs). According to the FXstreet.com trend index is strongly bearish on one-hour timeframe analysis. So far, the pair accumulates 0.34% daily losses.