EUR/USD operating slightly off its intraday highs

FXstreet.com (New York) - The EUR/USD foreign exchange rate has hung onto its robust gains during the entirety of the US session, still navigating slightly off its intraday highs at 1.3070.

EUR/USD trading above its 20 and 50-day SMA

Presently, the EUR/USD technical pair is still operating positively at 1.3062, up +0.38% in these moments. Technically speaking, the pair is trading above both its 20 and 50-day SMA.

EUR/USD a sell above 1.3055

According to the Danske Research Team, “We look to sell the EUR/USD at 1.3055, targeting 1.2934. Moreover, we recommend placing a stop at 1.3110. Resistances are found at 1.3076, onto 1.3110. On the decline, a break below 1.2985 will open up supports at 1.2956 and 1.2934.”

Jul 1, 2013

Wall Street opens the 2013 second half with gains

The US stocks market opened July with gains as investors digested upbeat PMI manufacturing index with softer hiring in the sector. Stocks rallied in the start but it retraced from highs just before the closing bell. The Nasdaq closed up for 5 straight day.

Session Recap: The Euro keeps the 1.3000

The Euro didn't break down the 1.3000 against the US Dollar as some analysts were expecting in the first day of the second half of the year. The EUR/USD was fueled by the upbeat manufacturing PMI data and the pair closed the day at 1.3060.