2 Jul 2013
EUR/USD recovery movement waivers, held above 1.3000
FXstreet.com (New York) - The EUR/USD recovery movement was stymied at the 1.3033 level, subsequently edging lower into negative territory Tuesday.
EUR/USD bullish move still valid above 1.2970
“The EUR/USD dropped but is still trading above key support level of the bullish wave and above 1.2970; therefore the possibility of a bullish move is still valid. Approaching 1.3000 provides another opportunity to long the pair, where Risk/Reward ratio is more appropriate than the entry point suggested in our previous report at 1.3040.” notes the ICN.com Technical Analyst Team.
EUR/USD still trading above 1.3000 barrier
Despite the movement lower, the pair is still operating at 1.3015, down -0.36% during US trading. The EUR/USD will look towards supports at 1.2988, then 1.2964. Alternatively, an extension higher will initiate resistances at 1.3084, onto 1.3108, and 1.3144, calculates the Mataf.net analyst Team.
EUR/USD bullish move still valid above 1.2970
“The EUR/USD dropped but is still trading above key support level of the bullish wave and above 1.2970; therefore the possibility of a bullish move is still valid. Approaching 1.3000 provides another opportunity to long the pair, where Risk/Reward ratio is more appropriate than the entry point suggested in our previous report at 1.3040.” notes the ICN.com Technical Analyst Team.
EUR/USD still trading above 1.3000 barrier
Despite the movement lower, the pair is still operating at 1.3015, down -0.36% during US trading. The EUR/USD will look towards supports at 1.2988, then 1.2964. Alternatively, an extension higher will initiate resistances at 1.3084, onto 1.3108, and 1.3144, calculates the Mataf.net analyst Team.