24 Jun 2013
EUR/USD surrenders 1.3100 level
FXstreet.com (New York) - The EUR/USD foreign exchange rate has crumbled in recent minutes, surrendering its grip on the key 1.3100 barrier during US trading.
Following the destabilization and exacerbation of losses, the EUR/USD technical pair has now settled at 1.3076, presently down -0.11%. The Mataf.net analyst team has identified supportive structures at 1.3053, followed by 1.2998, and ultimately 1.2987. Alternatively, resistances lie higher at 1.3209 then 1.3310, and finally 1.3365.
EUR/USD eyes 1.2970 support
According to the Technical Analyst Team at ICN.com, “The kick started Monday trading with a downside bias to trade below 1.3115 levels. Meanwhile, we cannot bet on extending bearishness till the end of the week, where 1.2970 levels represent the ascending short-term support. Therefore, we will remain neutral intraday waiting for confirmation signals.”
Following the destabilization and exacerbation of losses, the EUR/USD technical pair has now settled at 1.3076, presently down -0.11%. The Mataf.net analyst team has identified supportive structures at 1.3053, followed by 1.2998, and ultimately 1.2987. Alternatively, resistances lie higher at 1.3209 then 1.3310, and finally 1.3365.
EUR/USD eyes 1.2970 support
According to the Technical Analyst Team at ICN.com, “The kick started Monday trading with a downside bias to trade below 1.3115 levels. Meanwhile, we cannot bet on extending bearishness till the end of the week, where 1.2970 levels represent the ascending short-term support. Therefore, we will remain neutral intraday waiting for confirmation signals.”