Back
20 Jun 2013
EUR/USD trading below 1.3200
FXstreet.com (New York) - The EUR/USD foreign exchange rate has relinquished its grip on the 1.3200 barrier Thursday, experiencing a further decline during European trading.
EUR/USD falls below first support
At the time of writing, the EUR/USD is trading at session lows, incurring a loss of -0.84% Thursday, and negotiating an exchange rate of 1.3182. After moving below support at 1.3227, the Mataf.net analyst team has identified the next short-term measures of support at 1.3168, and 1.3074. Alternatively, resistance lies below at 1.3380, onto 1.3470, and 1.3533.
EUR/USD upside still remains defined despite downtrend
According to Analyst Karen Jones at Commerzbank, “The EUR/USD has fallen after its recent were pared – the daily RSI and directly overhead lies 1.3440/52, the 200-week MA and the 2011-2013 resistance line. This is key resistance and we are at last seeing signs of failure.”
EUR/USD falls below first support
At the time of writing, the EUR/USD is trading at session lows, incurring a loss of -0.84% Thursday, and negotiating an exchange rate of 1.3182. After moving below support at 1.3227, the Mataf.net analyst team has identified the next short-term measures of support at 1.3168, and 1.3074. Alternatively, resistance lies below at 1.3380, onto 1.3470, and 1.3533.
EUR/USD upside still remains defined despite downtrend
According to Analyst Karen Jones at Commerzbank, “The EUR/USD has fallen after its recent were pared – the daily RSI and directly overhead lies 1.3440/52, the 200-week MA and the 2011-2013 resistance line. This is key resistance and we are at last seeing signs of failure.”