Back
9 Aug 2013
EUR/USD capped at 1.3346
FXstreet.com (Chicago) - EUR/USD bounced off 1.3332 zone after falling from high peak post morning climb.
As the journey advances in the United States, the euro remains stuck at 1.3346 despite finding grounds after hitting daily bottom around the 1.3330 zone. In Wall Street, speculators continue to spread concerns about the Fed’s stimulus package driving the major indexes down.
Price action indicates a formidable resistance at 1.3346 as the pair trades at 1.3345 between supports at 1.3341 (August 7th highs), 1.3325 (August 6th highs) ahead of 1.3311 (August 1st highs) and resistances at 1.3346 (June 16th lows), 1.3355 (June 20th lows) followed by 1.3370 (June 6th highs).
As the journey advances in the United States, the euro remains stuck at 1.3346 despite finding grounds after hitting daily bottom around the 1.3330 zone. In Wall Street, speculators continue to spread concerns about the Fed’s stimulus package driving the major indexes down.
Price action indicates a formidable resistance at 1.3346 as the pair trades at 1.3345 between supports at 1.3341 (August 7th highs), 1.3325 (August 6th highs) ahead of 1.3311 (August 1st highs) and resistances at 1.3346 (June 16th lows), 1.3355 (June 20th lows) followed by 1.3370 (June 6th highs).