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11 Sep 2013
EUR/USD pares losses, 1.3300 in sight
FXstreet.com (Lisbon) - The EUR/USD foreign exchange rate has pared its earlier morning losses and moved back into positive territory during a fairly subdued session Wednesday.
EUR/USD technical levels
In these moments, the EUR/USD is now trading at 1.3171, advancing at a tepid rate of +0.01% above its opening. Given the present exchange, the EUR/USD will remain capped by resistances that are slated to trigger at 1.3305, onto 1.3319, and 1.3345. Conversely, supportive means are located at 1.3251, ahead of 1.3230, and 1.3187, notes the Danske Research Team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD remained stable yesterday above key resistance level that was breached and below 23.6% correction; trading also remained limited between Linear Regression Indicators. Therefore, we prefer to remain neutral, as stabilizing between 1.3290 from the upside and 1.3185 from the downside will leave the intraday trend unclear and we will wait for new confirmation signals.”
EUR/USD technical levels
In these moments, the EUR/USD is now trading at 1.3171, advancing at a tepid rate of +0.01% above its opening. Given the present exchange, the EUR/USD will remain capped by resistances that are slated to trigger at 1.3305, onto 1.3319, and 1.3345. Conversely, supportive means are located at 1.3251, ahead of 1.3230, and 1.3187, notes the Danske Research Team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD remained stable yesterday above key resistance level that was breached and below 23.6% correction; trading also remained limited between Linear Regression Indicators. Therefore, we prefer to remain neutral, as stabilizing between 1.3290 from the upside and 1.3185 from the downside will leave the intraday trend unclear and we will wait for new confirmation signals.”