9 Oct 2013
EUR/USD, false alarm? Strong comeback above 1.3520
FXstreet.com (Chicago) - EUR/USD fell below the 1.35 zone within minutes in the afternoon of the American trading session reaching 1.3484 lows on rumors of potential ending of US shutdown. After bursting higher, the pair consolidates reversal back above the 1.35 zone.
EUR/USD Technical Levels
Technically speaking, the pair is offered at 1.3524 and oscillates between supports aligned at 1.3461 (September 24th lows), 1.34 (August 27th highs) ahead of 1.3320 (September 17th lows) and the resistances set at 1.3564 (September 27th highs), 1.3631 (October 2nd highs) followed by 1.3716 (February 1st highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.
EUR/USD Technical Levels
Technically speaking, the pair is offered at 1.3524 and oscillates between supports aligned at 1.3461 (September 24th lows), 1.34 (August 27th highs) ahead of 1.3320 (September 17th lows) and the resistances set at 1.3564 (September 27th highs), 1.3631 (October 2nd highs) followed by 1.3716 (February 1st highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.