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10 Sep 2013
EUR/USD extends the recovery to 1.3270
FXstreet.com (Edinburgh) -The EUR/USD is now recovered the positive ground on Tuesday, hovering over 1.3265/70 after dropping to the vicinity of 1.3230.
EUR/USD posed to challenge session highs?
The pair remains on the right track for a test of weekly peaks in the boundaries of 1.3280 (Monday) as the risk appetite continues to increase its presence amongst investors. “Broadly speaking, we continue to view the broader trend for EUR/USD as lower, and while there is scope for a small squeeze higher, the upper 1.32s appear to be a decent selling opportunity”, recommended G.Moore and S.Osborne, FX Strategists at TD Securities.
EUR/USD levels to watch
As of writing the pair is up 0.04% at 1.3261 and a break above 1.3281 (high Sep.9) would aim for 1.3289 (MA30d) and then 1.3298 (low Aug.22). On the flip side the next support aligns at 1.3217 (MA10d) ahead of 1.3157 (low Sep.9) and finally 1.3104 (50% of 1.2755-1.3453).
EUR/USD posed to challenge session highs?
The pair remains on the right track for a test of weekly peaks in the boundaries of 1.3280 (Monday) as the risk appetite continues to increase its presence amongst investors. “Broadly speaking, we continue to view the broader trend for EUR/USD as lower, and while there is scope for a small squeeze higher, the upper 1.32s appear to be a decent selling opportunity”, recommended G.Moore and S.Osborne, FX Strategists at TD Securities.
EUR/USD levels to watch
As of writing the pair is up 0.04% at 1.3261 and a break above 1.3281 (high Sep.9) would aim for 1.3289 (MA30d) and then 1.3298 (low Aug.22). On the flip side the next support aligns at 1.3217 (MA10d) ahead of 1.3157 (low Sep.9) and finally 1.3104 (50% of 1.2755-1.3453).