Forex: EUR/USD creeps back above 1.3300
Forex pairs in this Article »
EUR/USD
FXstreet.com (San Francisco) - EURUSD recorded a second day of losses Wednesday since peaking at the 1.3400 handle, closing NY down around 15 pips to 1.3287 after dipping to as low as 1.3256.
From Valeria Bednarik, Chief Analyst at FXstreet.com: "Buyers are now aligned around the 1.3250 area, with stops gathering right below: if broken, 1.3180 is next bearish target, while steady gains above 1.3320, will reduce chances of a slide, with some limited gains afterwards."
The market has found a bit of buying interest in the last hour or so, with EURUSD having climbed to 1.3315 in recent minutes to regain all pips lost overnight. Above 1.3320, Bednarik identifies next bullish target at 1.3360 and 1.3400.
From Valeria Bednarik, Chief Analyst at FXstreet.com: "Buyers are now aligned around the 1.3250 area, with stops gathering right below: if broken, 1.3180 is next bearish target, while steady gains above 1.3320, will reduce chances of a slide, with some limited gains afterwards."
The market has found a bit of buying interest in the last hour or so, with EURUSD having climbed to 1.3315 in recent minutes to regain all pips lost overnight. Above 1.3320, Bednarik identifies next bullish target at 1.3360 and 1.3400.
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