28 Jun 2013
EUR/USD slumps to fresh lows
FXstreet.com (Córdoba) - The EUR/USD came under strong pressure at the beginning of the New York session amid month-end flows, and retraced its intraday gains in a matter of minutes.
EUR/USD turns negative
EUR/USD was rejected from the 1.3100 area and dropped over 80 pips, erasing completely its intraday gains to trade in negative territory following mixed US data and a negative opening for US stocks. EUR/USD touched a low of 1.3012 so far, and it is currently trading around 1.3020, 0.1% below its opening price.
Having broken below 1.3030, immediate supports are now seen at 1.3000 (psychological level) and 1.2984 (Jun 26 low). On the other hand, resistances line up at 1.3100 and 1.3150 (Jun 21 high).
EUR/USD turns negative
EUR/USD was rejected from the 1.3100 area and dropped over 80 pips, erasing completely its intraday gains to trade in negative territory following mixed US data and a negative opening for US stocks. EUR/USD touched a low of 1.3012 so far, and it is currently trading around 1.3020, 0.1% below its opening price.
Having broken below 1.3030, immediate supports are now seen at 1.3000 (psychological level) and 1.2984 (Jun 26 low). On the other hand, resistances line up at 1.3100 and 1.3150 (Jun 21 high).