26 Jul 2013
EUR/USD capped at 1.3300 region
FXstreet.com (New York) - The EUR/USD foreign exchange rate found itself capped at the 1.3300 region Friday, culminating in an easing that subsequently erased all of its gains.
At the time of writing, the EUR/USD has now retreated back to the 1.3277 level, whereby operating virtually unchanged off its opening during US trading. Technically speaking, the pair’s ascension will test resistances at 1.3296, onto 1.3302, and 1.3319, notes the Danske Research Team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD is fluctuating around 78.6% correction at 1.3275, but Linear Regression Indicators still support extending the current bullish wave. We hold on to our positive expectations, noting that breaking 1.3200 will activate overbought signals shown on the stochastic.”
At the time of writing, the EUR/USD has now retreated back to the 1.3277 level, whereby operating virtually unchanged off its opening during US trading. Technically speaking, the pair’s ascension will test resistances at 1.3296, onto 1.3302, and 1.3319, notes the Danske Research Team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD is fluctuating around 78.6% correction at 1.3275, but Linear Regression Indicators still support extending the current bullish wave. We hold on to our positive expectations, noting that breaking 1.3200 will activate overbought signals shown on the stochastic.”