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13 Sep 2013
EUR/USD closing the week around 1.3300
FXstreet.com (Edinburgh) -The shared currency is extending the bounce from intraday lows, pushing the EUR/USD to the proximities of 1.3300 the figure as the trading session is drawing to a close.
EUR/USD keeps the bullish bias
The pair is netting a positive weekly close for the first time after two consecutive weeks of losses, advancing from lows around 1.3170 to peaks beyond 1.3320 as the risk appetite prevailed throughout the week. In the opinion of Camilla Sutton, Chief Strategist at Scotiabank, the pair’s technical studies remain mixed, “with few strong signals and most suggesting EUR is losing upside momentum. A close below Wednesday’s open of 1.3268 would be bearish”.
EUR/USD technical levels
The pair is now up 0.01% at 1.3302 and a break above 1.3325 (high Sep.11) would open the door to 1.3343 (high Aug.29) and then 1.3399 (high Aug.28). On the flip side, the immediate support lies at 1.3243 (low Sep.11) followed by 1.3230 (low Sep.10) and finally 1.3228 (MA10d).
EUR/USD keeps the bullish bias
The pair is netting a positive weekly close for the first time after two consecutive weeks of losses, advancing from lows around 1.3170 to peaks beyond 1.3320 as the risk appetite prevailed throughout the week. In the opinion of Camilla Sutton, Chief Strategist at Scotiabank, the pair’s technical studies remain mixed, “with few strong signals and most suggesting EUR is losing upside momentum. A close below Wednesday’s open of 1.3268 would be bearish”.
EUR/USD technical levels
The pair is now up 0.01% at 1.3302 and a break above 1.3325 (high Sep.11) would open the door to 1.3343 (high Aug.29) and then 1.3399 (high Aug.28). On the flip side, the immediate support lies at 1.3243 (low Sep.11) followed by 1.3230 (low Sep.10) and finally 1.3228 (MA10d).