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18 Jun 2013
EUR/USD upside capped at 1.3400 region
FXstreet.com (New York) - The EUR/USD foreign exchange rate could not summit the 1.3400 level during European trading (1.3999 session high), easing lower in recent moments after the failed attempt.
At the time of writing, the EUR/USD has retreated back to 1.3384, still up +0.10% above its opening Tuesday. Despite the recent falter, Mataf.net analysts point to the next level of resistive correction for the EUR/USD at 1.3391, then 1.3419, and finally 1.3455. On the pullback, supportive structures will trigger at 1.3327, ahead of 1.3291 and finally 1.3263.
EUR/USD full steams ahead
According to the Technical Analyst Team at ICN.com, “The EUR/USD managed to stabilize above 1.3345 – therefore, the possibility of extending the bullish move is valid today and the linear regression indicators are positive supporting our expectations.”
EUR/USD in flux after ZEW surprises
Earlier today in the EMU, the ZEW Survey – Economic Sentiment (June) came in at 30.6, compared with a figure of 27.6. Meanwhile in Germany, the ZEW Survey – Economic Sentiment (June) was reported at 38.5, beating expectations of 38.1. Finally, the ZEW – Current Situation (June) yielded a figure of 8.6, missing estimates of 9.5.
At the time of writing, the EUR/USD has retreated back to 1.3384, still up +0.10% above its opening Tuesday. Despite the recent falter, Mataf.net analysts point to the next level of resistive correction for the EUR/USD at 1.3391, then 1.3419, and finally 1.3455. On the pullback, supportive structures will trigger at 1.3327, ahead of 1.3291 and finally 1.3263.
EUR/USD full steams ahead
According to the Technical Analyst Team at ICN.com, “The EUR/USD managed to stabilize above 1.3345 – therefore, the possibility of extending the bullish move is valid today and the linear regression indicators are positive supporting our expectations.”
EUR/USD in flux after ZEW surprises
Earlier today in the EMU, the ZEW Survey – Economic Sentiment (June) came in at 30.6, compared with a figure of 27.6. Meanwhile in Germany, the ZEW Survey – Economic Sentiment (June) was reported at 38.5, beating expectations of 38.1. Finally, the ZEW – Current Situation (June) yielded a figure of 8.6, missing estimates of 9.5.