3 Jul 2013
EUR/USD secures its grip on 1.3000 barrier
FXstreet.com (New York) - The EUR/USD foreign exchange rate moved higher during Asian trading, solidifying its grip on the 1.3000 level.
EUR/USD moves into positive territory
In these moments, the EUR/USD is advancing at +0.26%, settling at 1.3011 at the time of writing. According to the Danske Research Team, the pair will encounter resistances 1.3072, then 1.3083, and finally 1.3110. Alternatively, a break below 1.2985 will open supports at 1.2934 (yesterdays low).
EUR/USD still bearish
“The re-emergence of political uncertainty in Portugal over the past 24 hours, and Greece over the past week is finally putting a bit more pressure on the EUR and means that the markets should see a bit more headline risk today. Overall we are still bearish on the EUR (against the USD, GBP, and JPY in particular), although with the ECB meeting tomorrow, volatile price action could offer some better selling opportunities.”
EUR/USD moves into positive territory
In these moments, the EUR/USD is advancing at +0.26%, settling at 1.3011 at the time of writing. According to the Danske Research Team, the pair will encounter resistances 1.3072, then 1.3083, and finally 1.3110. Alternatively, a break below 1.2985 will open supports at 1.2934 (yesterdays low).
EUR/USD still bearish
“The re-emergence of political uncertainty in Portugal over the past 24 hours, and Greece over the past week is finally putting a bit more pressure on the EUR and means that the markets should see a bit more headline risk today. Overall we are still bearish on the EUR (against the USD, GBP, and JPY in particular), although with the ECB meeting tomorrow, volatile price action could offer some better selling opportunities.”