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4 Jun 2013
EUR/USD dips below 1.3050, hits fresh lows
FXstreet.com (Córdoba) - After failing to overcome the 1.3100 level during the European session, EUR/USD came under pressure and turned negative, sliding to fresh lows in recent dealings.
EUR/USD erased daily gains and broke below previous lows around 1.3050 to hit a fresh low of 1.3040 before finding support. At time of writing, the pair is trading at the 1.3045 area, recording a 0.2% loss on the day.
From a technical view, Valeria Bednarik, analyst at Fxstreet.com recently commented that a break below support around 1.3040/50 should favor a deeper correction in EUR/USD today, towards the 1.2980 area.
Bednarik locates next supports at 1.3040, 1.3000 and 1.2960, while she places resistances at 1.3110, 1.3155 and 1.3190.
EUR/USD erased daily gains and broke below previous lows around 1.3050 to hit a fresh low of 1.3040 before finding support. At time of writing, the pair is trading at the 1.3045 area, recording a 0.2% loss on the day.
From a technical view, Valeria Bednarik, analyst at Fxstreet.com recently commented that a break below support around 1.3040/50 should favor a deeper correction in EUR/USD today, towards the 1.2980 area.
Bednarik locates next supports at 1.3040, 1.3000 and 1.2960, while she places resistances at 1.3110, 1.3155 and 1.3190.