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14 Jun 2013
EUR/USD entrenched in negative territory
FXstreet.com (New York) - The EUR/USD foreign exchange rate has inched lower during European trading Friday, having unsuccessfully stabilized itself after EMU CPI earlier.
EUR/USD still remains safely insulated above 200-day MA
According to Karen Jones, an analyst at Commerzbank, “A drop below the 1.3177 (Monday low) would lead to the 200-day moving average at 1.3064 and the 55-day moving average at 1.3043 being targeted. Below these levels support can be seen at 1.2827/1.2796, which guards the 1.2740 April low.”
EUR/USD trading above first support at 1.3300 barrier
At the time of writing, the EUR/USD is firmly entrenched in negative territory Friday, negotiating prices of 1.3321, down -0.40% on the day thus far. The Mataf.net analyst team points to the next supportive measures for the pair at 1.3299, ahead of 1.3233, and eventually 1.3187.
EUR/USD still remains safely insulated above 200-day MA
According to Karen Jones, an analyst at Commerzbank, “A drop below the 1.3177 (Monday low) would lead to the 200-day moving average at 1.3064 and the 55-day moving average at 1.3043 being targeted. Below these levels support can be seen at 1.2827/1.2796, which guards the 1.2740 April low.”
EUR/USD trading above first support at 1.3300 barrier
At the time of writing, the EUR/USD is firmly entrenched in negative territory Friday, negotiating prices of 1.3321, down -0.40% on the day thus far. The Mataf.net analyst team points to the next supportive measures for the pair at 1.3299, ahead of 1.3233, and eventually 1.3187.