29 Jul 2013
EUR/USD should run into sellers soon - 2ndSkies
FXstreet.com (Barcelona) - The EUR/USD is holding near the highs for the day at 1.3287, with the 1.33 round number still acting as a temporary top after failed attempts from both Thursday and Friday.
As Chris Capre, Founder at 2ndSkies, notes: "The pair is snug up against resistance at 1.3305 and has a key level above at 1.3390 so it should run into sellers soon."
Capre suggests sellers "to look to take shorts at the higher level, while bulls will take recommended pullbacks either to 1.3150, or look to the 4hr chart on any corrective pullback to the 20ema which has held the price action up nicely as of late."
As Chris Capre, Founder at 2ndSkies, notes: "The pair is snug up against resistance at 1.3305 and has a key level above at 1.3390 so it should run into sellers soon."
Capre suggests sellers "to look to take shorts at the higher level, while bulls will take recommended pullbacks either to 1.3150, or look to the 4hr chart on any corrective pullback to the 20ema which has held the price action up nicely as of late."