Back
15 Mar 2013
Forex: EUR/USD pulls back from above 1.3100
FXstreet.com (Córdoba) - After briefly rising above the 1.3100 mark, the EUR/USD came under selling pressure and retreated back below the 1.3075 level, as downbeat US consumer confidence data offset positive readings from industrial production.
EUR/USD reached a 1-week high of 1.3106 but was firmly rejected from that level back to the 1.3055 area before finding support. At time of writing, the cross is trading around 1.3060/65, still up 0.4% on the day.
In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees next supports at 1.3030 and 1.3000, while she locates resistances at 1.3110, 1.3155 and 1.3190.
EUR/USD reached a 1-week high of 1.3106 but was firmly rejected from that level back to the 1.3055 area before finding support. At time of writing, the cross is trading around 1.3060/65, still up 0.4% on the day.
In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees next supports at 1.3030 and 1.3000, while she locates resistances at 1.3110, 1.3155 and 1.3190.