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19 Jun 2013
EUR/USD loses grip on 1.3400 level
FXstreet.com (New York) - The EUR/USD foreign exchange rate has relinquished its gains Wednesday, having traded in the heights of 1.3412 (session high) and falling below the 1.3400 barrier.
EUR/USD returns to opening levels
At the time of writing, the EUR/USD is experiencing a marginal loss of -0.01% Wednesday, negotiating an exchange rate of 1.3395. The Mataf.net analyst team points to the next corrective supports for the pair at 1.3341, ahead of 1.3289 and 1.3251. On the ascension, resistances will trigger at 1.3431, onto 1.3469 and 1.3521.
EUR/USD key resistance lies ahead at 200-week MA
According to Analyst Karen Jones at Commerzbank, “The EUR/USD charted a minor new high, as this was not confirmed by the daily RSI and directly overhead lies 1.3440/52, the 200-week MA and the 2011-2013 resistance line. This is key resistance and we look for this to hold and provoke failure.”
EUR/USD returns to opening levels
At the time of writing, the EUR/USD is experiencing a marginal loss of -0.01% Wednesday, negotiating an exchange rate of 1.3395. The Mataf.net analyst team points to the next corrective supports for the pair at 1.3341, ahead of 1.3289 and 1.3251. On the ascension, resistances will trigger at 1.3431, onto 1.3469 and 1.3521.
EUR/USD key resistance lies ahead at 200-week MA
According to Analyst Karen Jones at Commerzbank, “The EUR/USD charted a minor new high, as this was not confirmed by the daily RSI and directly overhead lies 1.3440/52, the 200-week MA and the 2011-2013 resistance line. This is key resistance and we look for this to hold and provoke failure.”