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13 Jun 2013
EUR/USD bounces from 100-hour SMA
FXstreet.com (Córdoba) - The EUR/USD bounced from the 100-hour SMA and managed to regain the 1.3300 level during the American afternoon. However, the recovery was capped by the 1.3345 area, sending the EUR/USD back to its opening levels at the 1.3320/30 zone.
EUR/USD uninspired by Draghi
Meanwhile, EUR/USD failed to find inspiration in ECB President Mario Draghi's words, who defended the ECB's OMT program a day after the ECB and the Bundesbank confronted in a public hearing at Germany's top court on the legality of the ECB's bond-buying program.
As for the EUR/USD, if it manages to overcome the 1.3345 zone, next resistances are seen at 1.3390 (daily high) and 1.3395 (Feb 19 high). On the other hand, supports are seen at 1.3275 (100-hour SMA) and 1.3265 (Jun 12 low).
EUR/USD uninspired by Draghi
Meanwhile, EUR/USD failed to find inspiration in ECB President Mario Draghi's words, who defended the ECB's OMT program a day after the ECB and the Bundesbank confronted in a public hearing at Germany's top court on the legality of the ECB's bond-buying program.
As for the EUR/USD, if it manages to overcome the 1.3345 zone, next resistances are seen at 1.3390 (daily high) and 1.3395 (Feb 19 high). On the other hand, supports are seen at 1.3275 (100-hour SMA) and 1.3265 (Jun 12 low).