16 Jul 2013
EUR/USD, expect a retest of 1.3187 soon - 2ndSkies
FXstreet.com (Barcelona) - The EUR/USD exchange rate had a third downside failure off the 1.3000 level on Monday, with the rebound only finding solid offers at the 1.3070/75 vicinity.
In view of Chris Capre, Founder at 2ndSkies: "Short term the pair is in a larger range, but the double bottom rejection off 1.3000 suggests more upside. Expect a retest of 1.3187 soon, while a daily close below 1.2975 sets up 1.2900 and 1.2775."
In view of Chris Capre, Founder at 2ndSkies: "Short term the pair is in a larger range, but the double bottom rejection off 1.3000 suggests more upside. Expect a retest of 1.3187 soon, while a daily close below 1.2975 sets up 1.2900 and 1.2775."