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11 Jun 2013
EUR/USD eases after touching 1.3300 level
FXstreet.com (New York) - 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.com, “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.”
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.com, “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.”