Forex: EUR/USD back to 1.3350
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The shared currency is back to the mid 1.3300 on Friday, after dipping to the vicinity of 1.3330 following an increase in the risk aversion.
"EURUSD fails again around the 1.3400 level and now is in danger of running out of topside momentum, there is also a pattern insinuating that a break bellow the 1.3260 level could see the market accelerate downwards to 1.3131. For now, in the short term at least continuing to fade rallies towards the 1.3400 level with a tight stop above the highs at 1.3430. Should that be triggered and the market push higher then 1.3485 is the key upside level", assesses William Moore, Technical Markets Analyst at RBS.
The cross is now losing 0.19% at 1.3348 with the next support at 1.3270 (low Jan.17) ahead of 1.3258 (MA10d) and 1.3249 (low Jan.11).
On the upside, a break above 1.3404 (high Jan.14) would expose 1.3417 (Upper Bollinger) en route to 1.3487 (2012 high Feb.24).
"EURUSD fails again around the 1.3400 level and now is in danger of running out of topside momentum, there is also a pattern insinuating that a break bellow the 1.3260 level could see the market accelerate downwards to 1.3131. For now, in the short term at least continuing to fade rallies towards the 1.3400 level with a tight stop above the highs at 1.3430. Should that be triggered and the market push higher then 1.3485 is the key upside level", assesses William Moore, Technical Markets Analyst at RBS.
The cross is now losing 0.19% at 1.3348 with the next support at 1.3270 (low Jan.17) ahead of 1.3258 (MA10d) and 1.3249 (low Jan.11).
On the upside, a break above 1.3404 (high Jan.14) would expose 1.3417 (Upper Bollinger) en route to 1.3487 (2012 high Feb.24).
Free Annual Reports
