Back
11 Sep 2013
EUR/USD remains capped by 21-day SMA
FXstreet.com (Córdoba) - The EUR/USD managed to pare intraday losses during the European session and crawled back to positive ground in recent dealings.
EUR/USD flat after failing at 1.3280
After failing once again to break above the 1.3280 resistance area, EUR/USD slid toward the 1.3240 zone before finding buyers and resuming the advance. The pair is currently trading at the 1.3260 zone, a few pips above its opening price, although it remains to be seen whether bulls would gather momentum to decisively break above 1.3280 and make an attempt at 1.3300. The calendar is pretty light for the rest of the session, with only the US Wholesale Inventories for July.
EUR/USD levels to watch
In terms of technical levels, if EUR/USD manages to break above 1.3280 (top of recent range/21-day SMA), next resistances are seen at 1.3300 (psychological level) and 1.3345 (Aug 29 high). On the other hand, supports could be found at 1.3243 (intraday low) and 1.3230 (Sep 10 low) ahead of 1.3200 (psychological level).
EUR/USD flat after failing at 1.3280
After failing once again to break above the 1.3280 resistance area, EUR/USD slid toward the 1.3240 zone before finding buyers and resuming the advance. The pair is currently trading at the 1.3260 zone, a few pips above its opening price, although it remains to be seen whether bulls would gather momentum to decisively break above 1.3280 and make an attempt at 1.3300. The calendar is pretty light for the rest of the session, with only the US Wholesale Inventories for July.
EUR/USD levels to watch
In terms of technical levels, if EUR/USD manages to break above 1.3280 (top of recent range/21-day SMA), next resistances are seen at 1.3300 (psychological level) and 1.3345 (Aug 29 high). On the other hand, supports could be found at 1.3243 (intraday low) and 1.3230 (Sep 10 low) ahead of 1.3200 (psychological level).