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6 Aug 2013
EUR/USD testing the upside
FXstreet.com (Barcelona) - EUR/USD is holding onto its positive territory in the European markets having covered 40 pips from the Asian handover at 1.3245.
EUR/USD is currently printing 1.3285, having reached a high of 1.3296 despite German factory orders printing 4.3% vrs -0.2% consensus year on year for June. Italian data is also coming out positively for the economy overall. This afternoon we will see how the US Trade Balance is looking in June. Expectations there are for a number as -$43.10B vs previous -$45.03B.
EUR/USD holds its ground
EUR/USD remains in positive territory, having move dup through the picot 1.3260. The 20 d ma is 1.3187, 50 d ma 1.3143 and 200 d ma is 1.3095. RSI (9) reads 57.81. Supports are ascending from 1.3164, 1.3188, 1.3217, and 1.3233. While spot is currently trading at 1.3280, resistances are 1.3301, 1.3313 and 1.3345
EUR/USD is currently printing 1.3285, having reached a high of 1.3296 despite German factory orders printing 4.3% vrs -0.2% consensus year on year for June. Italian data is also coming out positively for the economy overall. This afternoon we will see how the US Trade Balance is looking in June. Expectations there are for a number as -$43.10B vs previous -$45.03B.
EUR/USD holds its ground
EUR/USD remains in positive territory, having move dup through the picot 1.3260. The 20 d ma is 1.3187, 50 d ma 1.3143 and 200 d ma is 1.3095. RSI (9) reads 57.81. Supports are ascending from 1.3164, 1.3188, 1.3217, and 1.3233. While spot is currently trading at 1.3280, resistances are 1.3301, 1.3313 and 1.3345