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17 Jul 2013
EUR/USD regained 1.3100
FXstreet.com (Edinburgh) -The EUR/USD is gathering traction again post-Bernanke, not only retaking the key level at 1.3100 but also climbing to the vicinity of 1.3150.
EUR/USD supported around 1.3080
The pullback to session lows around 1.3080 proved to be short-lived, as the pair managed to pick up pace and resume its corrective upside. Camilla Sutton, Strategist at Scotiabank noted the short-term technical studies turned to bullish now, adding “signals have shifted towards a more bullish outlook, with the MACD having generated a buy signal late last week, the RSI shifting above 50, spot breaking above its 50,100 & 200-day MA… For near-term traders we are biased to be long”.
EUR/USD levels to watch
The pair is now losing 0.17% at 1.3140 with the next support at 1.3122 (MA30d) ahead of 1.3100 (psychological level) and finally 1.3078 (MA200d). On the upside, a break above 1.3174 (high Jul.16) would clear the way to 1.3208 (high Jul.11) and then 1.3255 (high Jun.21).
EUR/USD supported around 1.3080
The pullback to session lows around 1.3080 proved to be short-lived, as the pair managed to pick up pace and resume its corrective upside. Camilla Sutton, Strategist at Scotiabank noted the short-term technical studies turned to bullish now, adding “signals have shifted towards a more bullish outlook, with the MACD having generated a buy signal late last week, the RSI shifting above 50, spot breaking above its 50,100 & 200-day MA… For near-term traders we are biased to be long”.
EUR/USD levels to watch
The pair is now losing 0.17% at 1.3140 with the next support at 1.3122 (MA30d) ahead of 1.3100 (psychological level) and finally 1.3078 (MA200d). On the upside, a break above 1.3174 (high Jul.16) would clear the way to 1.3208 (high Jul.11) and then 1.3255 (high Jun.21).