1 Jul 2013
EUR/USD holds onto 1.3000 barrier
FXstreet.com (New York) - The EUR/USD foreign exchange rate briefly held fast above the 1.3000 barrier, refusing to undermine this key psychological barrier during overnight trading.
EUR/USD 50-day SMA to provide support?
Presently, the EUR/USD technical pair is now trading at just 1.3008 or still up -0.02% in these moments. With the MACD now in negative territory, and the pair insulated by its 50-day SMA, stability near this region seems likely in the interim.
EUR/USD Draghi comments could portend volatility
According to the BNZ Research Team, “With central banks in the spotlight this week ahead, ECB chief Draghi is likely to (re)emphasize the fact EU policy is likely to remain loose for some time, and the ECB stands ready to do more if needed. These comments, if given, would certainly move the pair.”
EUR/USD 50-day SMA to provide support?
Presently, the EUR/USD technical pair is now trading at just 1.3008 or still up -0.02% in these moments. With the MACD now in negative territory, and the pair insulated by its 50-day SMA, stability near this region seems likely in the interim.
EUR/USD Draghi comments could portend volatility
According to the BNZ Research Team, “With central banks in the spotlight this week ahead, ECB chief Draghi is likely to (re)emphasize the fact EU policy is likely to remain loose for some time, and the ECB stands ready to do more if needed. These comments, if given, would certainly move the pair.”