EUR/USD eases after touching 1.3300 level The EUR/USD upside was capped at the 1.3300 level (session highs), thereby leading into a general easing, as this key upside barrier proved too much to summit. EUR/USD cannot hold stabilize above 1.3294 level At the time of writing, the EUR/USD is still holding in positive territory, trading at 1.3276/81 or +0.15%. Given the recent performance of the pair, Mataf.net analysts point to the next level of resistive correction for the EUR/USD at 1.3294, then 1.3327, and finally 1.3386. On the decline, supportive structures will activate at 1.3202, ahead of 1.3143, and finally 1.3111. EUR/USD outlook positive for today According to the Technical Analyst Team at ICN, “The EUR/USD confirmed its consolidation above 1.3225 – 1.3230, which is considered positive supporting the bullish move in an attempt to breach 61.8% correction at 1.3345 then moving towards 78.6% and 88.6% correction. In addition, linear regression indicators are positive supporting this outlook for today.”
Posted on: Tue, 11 Jun 2013 11:32:23 +0000
Trending Topics
Recently Viewed Topics
© 2015