2 Jul 2013
EUR/USD trading at session lows
FXstreet.com (New York) - The EUR/USD foreign exchange rate is establishing fresh intraday lows in these moments after a USD rally has permeated the market Tuesday.
EUR/USD nestled between supports
Presently, the EUR/USD technical pair is now trading at just 1.2992 incurring a sizable loss of -0.50% in these moments as it ultimately tests the 1.3000 barrier. On the heels of an earlier break below the 1.3028 support, Mataf.net analysts point additional means at 1.2988, ahead of 1.2964.
EUR/USD lower levels on the horizon
According to TD Securities Team, “Overall, the EUR/USD looks to be a range trade for now, but we ultimately expect lower levels in the coming months as policy divergence becomes more apparent. Yesterday’s rally was halted by the key resistance zone marked by the confluence of key moving averages (50, 100, and 200-day MAs) in the 1.0370/80 area. In the short-term that should hold the upper end of the range.”
EUR/USD nestled between supports
Presently, the EUR/USD technical pair is now trading at just 1.2992 incurring a sizable loss of -0.50% in these moments as it ultimately tests the 1.3000 barrier. On the heels of an earlier break below the 1.3028 support, Mataf.net analysts point additional means at 1.2988, ahead of 1.2964.
EUR/USD lower levels on the horizon
According to TD Securities Team, “Overall, the EUR/USD looks to be a range trade for now, but we ultimately expect lower levels in the coming months as policy divergence becomes more apparent. Yesterday’s rally was halted by the key resistance zone marked by the confluence of key moving averages (50, 100, and 200-day MAs) in the 1.0370/80 area. In the short-term that should hold the upper end of the range.”