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17 Jun 2013
EUR/USD fails to surpass 1.3360
FXstreet.com (Córdoba) - The EUR/USD rose to retest daily highs at the beginning of the American session as indexes opened higher in Wall Street, but a strong US housing reading helped the greenback to cap the advance.
EUR/USD remains rangebound
EUR/USD made a marginal new high for the day at 1.3358 but remains confined to a fairly tight range as FOMC event risk keep investors on the sideline. At time of writing, EUR/USD is trading at the 1.3340 area, virtually unchanged since opening.
As for technical levels, if EUR/USD breaks decisively above 1.3360, next resistances could be faced at 1.3390 (Jun 13 high) and 1.3434 (Feb 20 high). On the other hand, supports are seen at 1.3315 (daily low) and 1.3295 (Jun 14 low).
EUR/USD remains rangebound
EUR/USD made a marginal new high for the day at 1.3358 but remains confined to a fairly tight range as FOMC event risk keep investors on the sideline. At time of writing, EUR/USD is trading at the 1.3340 area, virtually unchanged since opening.
As for technical levels, if EUR/USD breaks decisively above 1.3360, next resistances could be faced at 1.3390 (Jun 13 high) and 1.3434 (Feb 20 high). On the other hand, supports are seen at 1.3315 (daily low) and 1.3295 (Jun 14 low).