4 Sep 2013
EUR/USD reaches high 1.3200
FXstreet.com (London) - EUR/USD has spiked 30 pips from 1.3170 to print 1.3200, the high on the day.
EUR/USD has moved higher as the dollar has been offered across the board. As for highlights for the pair, much will depend on the payrolls on Friday and of course tensions in Syria will be a trigger point while President Obama says, “the credibility of the US and the international community is on the line over its response to alleged chemical attacks by Syria”.
EUR/USD should be contained
Previously, Karen Jones, Chief Analyst at Commerzbank had said, “we note that the market has reached its 200 day ma at 1.3146. We suspect that this may prompt some profit taking. However intraday charts are indicating that rallies should be contained by 1.3200/1.3240 for further losses”.
EUR/USD has moved higher as the dollar has been offered across the board. As for highlights for the pair, much will depend on the payrolls on Friday and of course tensions in Syria will be a trigger point while President Obama says, “the credibility of the US and the international community is on the line over its response to alleged chemical attacks by Syria”.
EUR/USD should be contained
Previously, Karen Jones, Chief Analyst at Commerzbank had said, “we note that the market has reached its 200 day ma at 1.3146. We suspect that this may prompt some profit taking. However intraday charts are indicating that rallies should be contained by 1.3200/1.3240 for further losses”.