13 Sep 2013
EUR/USD: potential targets at 1.3225, 1.3360, 1.3393 - 2ndSkies
FXstreet.com (Barcelona) - Following the latest breakout above 1.3280 in EUR/USD, which was dully noted by Chris Capre, Founder at 2ndSkies in a report published Tuesday, the pair is currently consolidating at 1.3290.
Current price activity follows multiple topside failures at 1.3325 handle, which continues to prove a strong area of supply ahead of U.S. data later today and FOMC next Tuesday. Going forward, as Capre notes in today's daily research note: "Short term 1.3250 is support, so traders not long can look for intraday corrective pullbacks here, targeting 1.3325 and potentially a move higher to 1.3360 and 1.3393. A break and close below 1.3225 suggests short term bearishness."
Current price activity follows multiple topside failures at 1.3325 handle, which continues to prove a strong area of supply ahead of U.S. data later today and FOMC next Tuesday. Going forward, as Capre notes in today's daily research note: "Short term 1.3250 is support, so traders not long can look for intraday corrective pullbacks here, targeting 1.3325 and potentially a move higher to 1.3360 and 1.3393. A break and close below 1.3225 suggests short term bearishness."