EUR/USD Weekly Technical Report 10-14/6/2013

ecPulse
2013-06-10 07:40AM UTC

The pair failed to consolidate above 1.3230 but is stable above 38.2% correction at 1.3115 shown on graph, stability above it is positive especially that Linear Regression Indicators tends to be positive. The possibility of extending bullishness is valid this week and the first suggested target resides at 61.8% correction at 1.3345 levels followed by correction 78.6% at 1.3505 shown on graph.

 

The trading range for this week is among the key support at 1.2970 and key resistance at 1.3505.

 

The general trend over short term basis is to the upside targeting 1.3600 as far as areas of 1.2970 remains intact.

 

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
GBP USD Analysis

Forex

The GBPUSD forecast update 28-03-2024
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis The GBPUSD price shows calm bearish bias to gradually approach our first ...