22 Jul 2013
EUR/USD testing the 1.3200 level
FXstreet.com (New York) - The EUR/USD foreign exchange rate has been hugging the 1.3200 region Monday during US trading, having failed to effectively stabilize above this barrier thus far.
In these moments, the EUR/USD is presently securing a steadfast advance of +0.46% above it’s opening, now operating at 1.3199 at the time of writing. Technically speaking, the pair is testing resistance at 1.3190, which will open up 1.3217 (session high), and 1.3266, notes the Mataf.net analyst team.
EUR/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The EUR/USD spent most of last week holding below the 1.3208 high charted on the 11th July. This leaves our outlook unchanged and the intraday charts continue to suggest that there is scope for a move towards the 1.3208 high (charted on the 11th July). Having said that, we should see failure ahead of the 78.6% Fibonacci retracement at 1.3275.”
In these moments, the EUR/USD is presently securing a steadfast advance of +0.46% above it’s opening, now operating at 1.3199 at the time of writing. Technically speaking, the pair is testing resistance at 1.3190, which will open up 1.3217 (session high), and 1.3266, notes the Mataf.net analyst team.
EUR/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The EUR/USD spent most of last week holding below the 1.3208 high charted on the 11th July. This leaves our outlook unchanged and the intraday charts continue to suggest that there is scope for a move towards the 1.3208 high (charted on the 11th July). Having said that, we should see failure ahead of the 78.6% Fibonacci retracement at 1.3275.”