20 Aug 2013
EUR/USD, still and strong above 1.3400 zone
FXstreet.com (Chicago) - EUR/USD accumulates 0.64% gains so far at the afternoon of the American trading session. The pair rallied heavily on weaker-than-expected US data and bullish euro sentiment spread across the FX markets to peak to $1.3452 but retrace minimally.
In Europe, construction output growth out beat previous results at 0.7% vs. past 0.5%. The US received the Redbook Index (MoM) at 0.2% vs. previous 0.4% along a Chicago Fed National Activity Index for July still in the negatives at -0.15 vs. past -0.23.
Price action indicates the pair has given in 0.01% this past hour to trade at 1.3414 between supports at 1.3405 (August 19th highs), 1.3389 (August 10th highs) ahead of 1.3372 (August 16th highs) and resistances at 1.3434 (January 25th 2012 highs), 1.3454 (intraday highs) followed by 1.3479 (February 13th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis.
In Europe, construction output growth out beat previous results at 0.7% vs. past 0.5%. The US received the Redbook Index (MoM) at 0.2% vs. previous 0.4% along a Chicago Fed National Activity Index for July still in the negatives at -0.15 vs. past -0.23.
Price action indicates the pair has given in 0.01% this past hour to trade at 1.3414 between supports at 1.3405 (August 19th highs), 1.3389 (August 10th highs) ahead of 1.3372 (August 16th highs) and resistances at 1.3434 (January 25th 2012 highs), 1.3454 (intraday highs) followed by 1.3479 (February 13th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis.