29 Aug 2013
EUR/USD stalls at closing despite consolidating reversal
FXstreet.com (Chicago) - EUR/USD consolidates reversal from session lows at 1.3219 after 0.70% daily drop since the opening of Thursday’s trading journey in Asia. Nonetheless, the pair trades flat within the past hour at closing of the American trading session.
Bullish stock markets
In Wall Street, the stock market indexes closed with gains with the Dow up 0.11%, the Nasdaq up 0.75% and the S&P 500 up 0.20%. Earlier in Europe, the CAC40 had closed with 0.65% gains similarly to the DAX 0.45% higher, the FTSE 100 up 0.82% and the Euronext 100 printing 0.68% gains.
EUR/USD Technical Levels
Price action reveals reversal consolidation after impulsive price action sending the pair down below 1.33 zone. Trading at 1.3243, the pair oscillates between supports aligned at 1.3232 (August 14th lows), 1.3210 (August 15th lows) ahead of 1.3189 (August 2nd lows) and resistances at 1.3265 (August 8th lows), 1.3296 (August 22nd lows) followed by 1.3323 (August 27th lows).
Bullish stock markets
In Wall Street, the stock market indexes closed with gains with the Dow up 0.11%, the Nasdaq up 0.75% and the S&P 500 up 0.20%. Earlier in Europe, the CAC40 had closed with 0.65% gains similarly to the DAX 0.45% higher, the FTSE 100 up 0.82% and the Euronext 100 printing 0.68% gains.
EUR/USD Technical Levels
Price action reveals reversal consolidation after impulsive price action sending the pair down below 1.33 zone. Trading at 1.3243, the pair oscillates between supports aligned at 1.3232 (August 14th lows), 1.3210 (August 15th lows) ahead of 1.3189 (August 2nd lows) and resistances at 1.3265 (August 8th lows), 1.3296 (August 22nd lows) followed by 1.3323 (August 27th lows).