8 Jul 2013
EUR/USD eases off highs
FXstreet.com (New York) - The EUR/USD foreign exchange rate peaked earlier at 1.2879 (session high) during US trading, only to ease slightly in recent minutes Monday.
Earlier today in the ECB, Mario Draghi's hearing before the European Parliament on Monday reiterated that the monetary policy would remain accommodative for as long as necessary and interest rates would be kept low for an extended period of time.
EUR/USD still entrenched in positive territory
In spite of the recent easing, the EUR/USD is still notching an advance of +0.40% in these moments, navigating the region of 1.2860 presently. After breaching resistance at 1.2845, the Danske Research Team has calculated resistances at 1.2869, onto 1.2897, and 1.2938.
EUR/USD stability below 1.2875 maintains negative expectations
According to the Technical Analyst Team at ICN.com, “Despite the positive trading of the EUR/USD, we see it stabilizing below the 1.2875 levels. Prolonged stability below that level keeps our intraday negative expectations and the whole week’s trading.”
Earlier today in the ECB, Mario Draghi's hearing before the European Parliament on Monday reiterated that the monetary policy would remain accommodative for as long as necessary and interest rates would be kept low for an extended period of time.
EUR/USD still entrenched in positive territory
In spite of the recent easing, the EUR/USD is still notching an advance of +0.40% in these moments, navigating the region of 1.2860 presently. After breaching resistance at 1.2845, the Danske Research Team has calculated resistances at 1.2869, onto 1.2897, and 1.2938.
EUR/USD stability below 1.2875 maintains negative expectations
According to the Technical Analyst Team at ICN.com, “Despite the positive trading of the EUR/USD, we see it stabilizing below the 1.2875 levels. Prolonged stability below that level keeps our intraday negative expectations and the whole week’s trading.”