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12 Aug 2013
EUR/USD consolidates below 1.3300
FXstreet.com (Córdoba) - The EUR/USD extended its setback into a second day from the 1.3400 level on Monday, dipping back below the 1.3300 mark.
EUR/USD hits 5-day low
EUR/USD scored its lowest in 5 days at 1.3276 in recent dealings but buyers kept the pair supported. At time of writing, EUR/USD is at 1.3285, still 0.3% below its opening price, having lost over 100 pips within the last 2 trading days.
EUR/USD eyes 1.3240 support
“The pair trades below the 50% retracement of its latest bullish run, with the hourly chart showing a strong bearish momentum, RSI flat in oversold territory, and 20 SMA gaining bearish slope well above current price, which suggests there’s more room for falls”, says Valeria Bednarik, chief analyst at FXstreet.com. “In the 4 hours chart technical readings also support the downside, with buyers waiting around 1.3240, next strong static support level”.
EUR/USD hits 5-day low
EUR/USD scored its lowest in 5 days at 1.3276 in recent dealings but buyers kept the pair supported. At time of writing, EUR/USD is at 1.3285, still 0.3% below its opening price, having lost over 100 pips within the last 2 trading days.
EUR/USD eyes 1.3240 support
“The pair trades below the 50% retracement of its latest bullish run, with the hourly chart showing a strong bearish momentum, RSI flat in oversold territory, and 20 SMA gaining bearish slope well above current price, which suggests there’s more room for falls”, says Valeria Bednarik, chief analyst at FXstreet.com. “In the 4 hours chart technical readings also support the downside, with buyers waiting around 1.3240, next strong static support level”.