24 Jun 2013
EUR/USD clings to 1.3100
FXstreet.com (Córdoba) - Despite some intraday volatility, EUR/USD is trading little changed on the day around 1.3100, mark that has acted as a magnet to the pair on Monday.
EUR/USD consolidates around 1.3100
EUR/USD saw a short-lived dip to a 3-week low of 1.3058 at the beginning of the New York session but the USD lacked momentum to drag the pair below that level. With the subsequent bounce capped by the 1.3115 zone, EUR/USD was confined to a phase of consolidation around 1.3100 where it is nearly flat on the day.
As for technical levels, a break above 1.3122 (daily high) could pave the way to the 1.3200 level and 1.3245 (100-hour SMA). On the other hand, if the pair falls below 1.3058, next supports are seen at 1.3040 (Jun 4 low) and 1.3000 (psychological level).
EUR/USD consolidates around 1.3100
EUR/USD saw a short-lived dip to a 3-week low of 1.3058 at the beginning of the New York session but the USD lacked momentum to drag the pair below that level. With the subsequent bounce capped by the 1.3115 zone, EUR/USD was confined to a phase of consolidation around 1.3100 where it is nearly flat on the day.
As for technical levels, a break above 1.3122 (daily high) could pave the way to the 1.3200 level and 1.3245 (100-hour SMA). On the other hand, if the pair falls below 1.3058, next supports are seen at 1.3040 (Jun 4 low) and 1.3000 (psychological level).