11 Jul 2013
EUR/USD eases back to 1.3100 barrier
FXstreet.com (New York) - The EUR/USD foreign exchange rate was in escape velocity during Asian trading Thursday, receiving an impetus from dovish Fed comments via Ben Bernanke that helped the pair climb past 1.3200.
Despite peaking earlier at 1.3207, the EUR/USD now finds itself suddenly trading over 100 pips lower in these moments, retesting the 1.3098 level, en route to an advance of +0.92% - a testament to the height of the previous jump.
EUR/USD technical bias
Technically speaking, the EUR/USD has found itself in excess of most short-term calculated resistances heading into the Asian session. However, the pair is presently trading at resistance at 1.3090 (July 2 high), and will look towards 1.3158 (June 25 high), followed by 1.3170 (June 20 low).
Despite peaking earlier at 1.3207, the EUR/USD now finds itself suddenly trading over 100 pips lower in these moments, retesting the 1.3098 level, en route to an advance of +0.92% - a testament to the height of the previous jump.
EUR/USD technical bias
Technically speaking, the EUR/USD has found itself in excess of most short-term calculated resistances heading into the Asian session. However, the pair is presently trading at resistance at 1.3090 (July 2 high), and will look towards 1.3158 (June 25 high), followed by 1.3170 (June 20 low).