25 Jun 2013
EUR/USD continues to ease off earlier highs
FXstreet.com (New York) - The EUR/USD foreign exchange rate has been easing lower during the US session, after briefly peaking at an intraday high of 1.3145.
EUR/USD neutrality prevails
According to the ICN.com Technical Analyst Team, “The EUR/USD dropped below 1.3225 levels, but till now it couldn’t prove stabilizing below its linear regression indicator 55. Therefore, we prefer to remain neutral during whilst also waiting for confirmation signals.”
EUR/USD at crossroads
At the time of writing, the EUR/USD technical pair has now settled at 1.3120 during Asian trading, securing a healthy advance of +0.19%. According to Gareth Berry, a Research Analyst at UBS, “The important support for the EUR/USD lies at 1.3034 ahead of 1.2797. Meanwhile, resistance is at 1.3254 ahead of 1.3417, indicating a neutral outlook for the rest of the day.”
EUR/USD neutrality prevails
According to the ICN.com Technical Analyst Team, “The EUR/USD dropped below 1.3225 levels, but till now it couldn’t prove stabilizing below its linear regression indicator 55. Therefore, we prefer to remain neutral during whilst also waiting for confirmation signals.”
EUR/USD at crossroads
At the time of writing, the EUR/USD technical pair has now settled at 1.3120 during Asian trading, securing a healthy advance of +0.19%. According to Gareth Berry, a Research Analyst at UBS, “The important support for the EUR/USD lies at 1.3034 ahead of 1.2797. Meanwhile, resistance is at 1.3254 ahead of 1.3417, indicating a neutral outlook for the rest of the day.”