4 Jul 2013
EUR/USD regains 1.3000 barrier, ECB eyed
FXstreet.com (New York) - The EUR/USD foreign exchange rate moved higher at the Tokyo open, snapping a tight consolidation that had enveloped the pair during Asian trading.
EUR/USD still trading below resistance despite rise
In these moments, the EUR/USD has inched higher to the 1.3021 level during Asian trading. At this juncture, the pair is securing an advance of +0.09% above its opening. Resistances can be found at 1.3030, onto 1.3065, and eventually 1.3100 that will attempt to mitigate any upward thrust.
EUR/USD range bound ahead of ECB decision
According to Valeria Bednarik, an analyst at FXstreet, “The EUR/USD hourly chart shows indicators heading north in positive territory with a steady price above its 20-day SMA. Ultimately it is expected that the 1.2980/1.3040 range dominates the pair ahead of ECB economic decision next European session.”
EUR/USD still trading below resistance despite rise
In these moments, the EUR/USD has inched higher to the 1.3021 level during Asian trading. At this juncture, the pair is securing an advance of +0.09% above its opening. Resistances can be found at 1.3030, onto 1.3065, and eventually 1.3100 that will attempt to mitigate any upward thrust.
EUR/USD range bound ahead of ECB decision
According to Valeria Bednarik, an analyst at FXstreet, “The EUR/USD hourly chart shows indicators heading north in positive territory with a steady price above its 20-day SMA. Ultimately it is expected that the 1.2980/1.3040 range dominates the pair ahead of ECB economic decision next European session.”