30 Jul 2013
EUR/USD rejected from 1.3300
FXstreet.com (Córdoba) - The EUR/USD was rejected by the 1.3300 level at the beginning of the New York session but failed to sustain gains as sellers quickly appeared around the psychological level.
EUR/USD erases daily gains
EUR/USD pulled back from a 6-week high of 1.3300 toward the 1.2955 following disappointing US housing and confidence data. Having already erased completely intraday gains but with the 100-hour SMA containing the dip, EUR/USD trades around 1.2960, where it is flat on the day.
EUR/USD rangebound ahead of FOMC
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that indicators hold pretty neutral around their midlines in 4-hour charts, with the pair trapped in a quite tight range since last Thursday. “Seems further action won’t come until the FED meets tomorrow US afternoon, and QE tapering gets more clearer answers”, the analyst said.
EUR/USD erases daily gains
EUR/USD pulled back from a 6-week high of 1.3300 toward the 1.2955 following disappointing US housing and confidence data. Having already erased completely intraday gains but with the 100-hour SMA containing the dip, EUR/USD trades around 1.2960, where it is flat on the day.
EUR/USD rangebound ahead of FOMC
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that indicators hold pretty neutral around their midlines in 4-hour charts, with the pair trapped in a quite tight range since last Thursday. “Seems further action won’t come until the FED meets tomorrow US afternoon, and QE tapering gets more clearer answers”, the analyst said.