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20 Sep 2013
EUR/USD takes a peep below 1.3500
FXstreet.com (Córdoba) - Following a stage of consolidation, the EUR/USD faced mild pressure and briefly dipped below the 1.3500 mark to hit its lowest in 2 days amid German election jitters.
EUR/USD bottomed out at 1.3498 before bouncing back above the psychological level as it lacked follow through on declining interest heading into the weekend. At time of writing, EUR/USD is trading around 1.3505, recording a 0.2% loss on the day.
EUR/USD technical perspective
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that EUR/USD keeps a quite neutral technical stance in the very short-term, although technical readings maintain the bullish tone in bigger time frames.
Bednarik locates immediate resistance levels at 1.3570, 1.3610 and 1.3645, while she places supports at 1.3515, 1.3480 and 1.3450.
EUR/USD bottomed out at 1.3498 before bouncing back above the psychological level as it lacked follow through on declining interest heading into the weekend. At time of writing, EUR/USD is trading around 1.3505, recording a 0.2% loss on the day.
EUR/USD technical perspective
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that EUR/USD keeps a quite neutral technical stance in the very short-term, although technical readings maintain the bullish tone in bigger time frames.
Bednarik locates immediate resistance levels at 1.3570, 1.3610 and 1.3645, while she places supports at 1.3515, 1.3480 and 1.3450.