25 Jul 2013
EUR/USD retesting 1.3250 region
FXstreet.com (New York) - The EUR/USD foreign exchange rate has rebounded back to the upside after a slight easing that transpired during the latter stages of US trading Thursday.
In these moments, the EUR/USD is settling at 1.3249, still up a robust +0.30%. The Mataf.net analyst team points to resistances for the EUR/USD at 1.3241, onto 1.3288, and finally 1.3320.
EUR/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The EUR/USD’ s current strength is expected to terminate ahead of the 78.6% Fibonacci retracement at 1.3275. We note the TD perfected set up on the daily charts and the divergence of the RSI and slow stochastics on the 240-minute chart and look for failure. The market should react back to 1.30 and loss of this zone is needed to re-target the 1.2755/40 recent low and April low.”
In these moments, the EUR/USD is settling at 1.3249, still up a robust +0.30%. The Mataf.net analyst team points to resistances for the EUR/USD at 1.3241, onto 1.3288, and finally 1.3320.
EUR/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The EUR/USD’ s current strength is expected to terminate ahead of the 78.6% Fibonacci retracement at 1.3275. We note the TD perfected set up on the daily charts and the divergence of the RSI and slow stochastics on the 240-minute chart and look for failure. The market should react back to 1.30 and loss of this zone is needed to re-target the 1.2755/40 recent low and April low.”