24 Jul 2013
EUR/USD finds support around 1.3175
FXstreet.com (Córdoba) - The EUR/USD managed to halt its decline just ahead of the 100-hour SMA and trimmed a slight part of its recent losses.
EUR/USD remains capped by 1.3200
The EUR/USD bounced from a daily low of 1.3176 in recent dealings, but the recovery was shy and the pair remained capped by the 1.3200 level. At time of writing, EUR/USD is trading at the 1.3195 zone, where it records a 0.2% loss on the day.
The EUR/USD was rejected from a 1-month high of 1.3256 and reversed earlier gains, weighed by the risk-off environment that offset strong Eurozone PMI readings.
EUR/USD technical levels
Below 1.3175, next supports are seen at 1.3170/65 (100-hour SMA/Jul 23 low) and 1.3130 (200-hour SMA), while resistances are seen at 1.3255/60 (Jun 21 and Jul 24 highs/76.4% of 1.3415-1.2757) followed by 1.3300 (psychological level).
EUR/USD remains capped by 1.3200
The EUR/USD bounced from a daily low of 1.3176 in recent dealings, but the recovery was shy and the pair remained capped by the 1.3200 level. At time of writing, EUR/USD is trading at the 1.3195 zone, where it records a 0.2% loss on the day.
The EUR/USD was rejected from a 1-month high of 1.3256 and reversed earlier gains, weighed by the risk-off environment that offset strong Eurozone PMI readings.
EUR/USD technical levels
Below 1.3175, next supports are seen at 1.3170/65 (100-hour SMA/Jul 23 low) and 1.3130 (200-hour SMA), while resistances are seen at 1.3255/60 (Jun 21 and Jul 24 highs/76.4% of 1.3415-1.2757) followed by 1.3300 (psychological level).