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12 Sep 2013
EUR/USD testing 1.3300 level after earlier drop
FXstreet.com (Lisbon) - The EUR/USD foreign exchange rate has made a concave recovery during the afternoon of European trading Thursday (earlier lows at 1.3283), inching back towards the 1.3300 level.
EUR/USD technical levels
In these moments, the EUR/USD is now trading at 1.3297, still clinging to tepid negativity and down -0.10%. Given the present exchange, the EUR/USD will is offered support at 1.3281, ahead of 1.3250, notes the Danske Research Team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD managed to hold above 23.6% correction at 1.3290 which is considered positive and supports the extension of bullishness. The pair maintained stability above Linear Regression Indicator 55 around 1.3315 but we will depend on stability above 1.3290 for the suggested upside move.”
EUR/USD technical levels
In these moments, the EUR/USD is now trading at 1.3297, still clinging to tepid negativity and down -0.10%. Given the present exchange, the EUR/USD will is offered support at 1.3281, ahead of 1.3250, notes the Danske Research Team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD managed to hold above 23.6% correction at 1.3290 which is considered positive and supports the extension of bullishness. The pair maintained stability above Linear Regression Indicator 55 around 1.3315 but we will depend on stability above 1.3290 for the suggested upside move.”