18 Jul 2013
EUR/USD regains 1.3100 region
FXstreet.com (New York) - The EUR/USD technical pair has remained entrenched in negative territory, though it has recently regained a foothold in the 1.3100 region Thursday.
In these moments, the EUR/USD is presently incurring a loss of -0.15% off its opening, though perhaps more importantly, it has recovered the 1.3100 region and is testing this barrier, following an earlier stumble towards the depths of 1.3066 (intraday low). Given this recent recovery, the pair is now fortified by supportive measures at 1.3073, ahead of 1.3033, and finally 1.2982, notes the Mataf.net Analyst Team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD rebounded to the upside before touching support level 1.3070, but failed to stabilize above Linear Regression Indicator 55 till now. Trading above 1.3070 is positive today supported by the bullish key support level.”
In these moments, the EUR/USD is presently incurring a loss of -0.15% off its opening, though perhaps more importantly, it has recovered the 1.3100 region and is testing this barrier, following an earlier stumble towards the depths of 1.3066 (intraday low). Given this recent recovery, the pair is now fortified by supportive measures at 1.3073, ahead of 1.3033, and finally 1.2982, notes the Mataf.net Analyst Team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD rebounded to the upside before touching support level 1.3070, but failed to stabilize above Linear Regression Indicator 55 till now. Trading above 1.3070 is positive today supported by the bullish key support level.”