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2 Aug 2013
EUR/USD proving 1.32 support strong
FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is last trading at 1.3210 around session highs, once has bounced from recent fresh session/weekly lows at 1.3189, extending the decline started Thursday following FOMC above 1.3340.
EUR/USD suggests some downside risk
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The hourly chart shows an increasing bearish potential as 20 SMA heads south above current price while indicators head lower in negative territory. In the 4 hours chart technical readings are also bearish, suggesting some downside risk for current Asian session, although limited ahead of tomorrow’s’ data.”
EUR/USD key technical levels
Bednarik locates support levels at: 1.3190, 1.3140 and 1.3110; while resistance levels at: 1.3225, 1.3260 and 1.3295.
EUR/USD suggests some downside risk
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The hourly chart shows an increasing bearish potential as 20 SMA heads south above current price while indicators head lower in negative territory. In the 4 hours chart technical readings are also bearish, suggesting some downside risk for current Asian session, although limited ahead of tomorrow’s’ data.”
EUR/USD key technical levels
Bednarik locates support levels at: 1.3190, 1.3140 and 1.3110; while resistance levels at: 1.3225, 1.3260 and 1.3295.