25 Jul 2013
EUR/USD challenging highs around 1.3240
FXstreet.com (Edinburgh) -The bloc currency continues to appreciate against the greenback on Thursday, lifting the EUR/USD to another challenge of session peaks in the vicinity of 1.3240.
EUR/USD digested data
It seems that market participants have already left behind the IFO results and the US docket, resuming the intraday upside after hitting lows near 1.3160. “On the charts, EUR/USD to has so far topped out just shy of key retracement resistance at 1.3255/60. Above that level there is not much ahead of 1.3330/50, although from a broader perspective we a still more bearish on the pair. We continue to look for longer term selling opportunities”, recommended G.Moore and S.Osborne at TD Securities.
EUR/USD critical levels
As of writing the pair is up 0.23% at 1.3231 facing the next hurdle at 1.3256 (high Jul.24) ahead of 1.3261 (76.4% of 1.3417-1.2755) and then 1.3302 (high Jun.20). On the flip side, a dip beyond 1.3166 (low. Jul.25) would then target 1.3164 (low Jul.23) en route to 1.3150 (MA10d).
EUR/USD digested data
It seems that market participants have already left behind the IFO results and the US docket, resuming the intraday upside after hitting lows near 1.3160. “On the charts, EUR/USD to has so far topped out just shy of key retracement resistance at 1.3255/60. Above that level there is not much ahead of 1.3330/50, although from a broader perspective we a still more bearish on the pair. We continue to look for longer term selling opportunities”, recommended G.Moore and S.Osborne at TD Securities.
EUR/USD critical levels
As of writing the pair is up 0.23% at 1.3231 facing the next hurdle at 1.3256 (high Jul.24) ahead of 1.3261 (76.4% of 1.3417-1.2755) and then 1.3302 (high Jun.20). On the flip side, a dip beyond 1.3166 (low. Jul.25) would then target 1.3164 (low Jul.23) en route to 1.3150 (MA10d).