EUR/USD: potential targets at 1.3225, 1.3360, 1.3393 - 2ndSkies

FXstreet.com (Barcelona) - Following the latest breakout above 1.3280 in EUR/USD, which was dully noted by Chris Capre, Founder at 2ndSkies in a report published Tuesday, the pair is currently consolidating at 1.3290.

Current price activity follows multiple topside failures at 1.3325 handle, which continues to prove a strong area of supply ahead of U.S. data later today and FOMC next Tuesday. Going forward, as Capre notes in today's daily research note: "Short term 1.3250 is support, so traders not long can look for intraday corrective pullbacks here, targeting 1.3325 and potentially a move higher to 1.3360 and 1.3393. A break and close below 1.3225 suggests short term bearishness."

Sep 13, 2013

GBP/USD strong above 7-month peaks; holds on to 1.58

GBP/USD holds on to 7-month altitudes as the pound resists bearish pressure and finds grounds around 1.58 zone. The pair peaked to 1.5818 earlier today and registers minimal 0.01% losses so far, minutes away from Tokyo’s opening and the start of the last trading day of the week.

EUR/USD, bulls stumble; 1.33 zone compromised

EUR/USD stumbled and cracked below the 1.33 zone at the opening of the Asian trading session. The pair could not resist continuous bearish pressure felt throughout the day. Ahead of European and American data released later in the day and Fed’s tapering next week, the ball is on the greenback’s side.