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12 Aug 2013

EUR/USD consolidates below 1.3300

FXstreet.com (Córdoba) - The EUR/USD extended its setback into a second day from the 1.3400 level on Monday, dipping back below the 1.3300 mark.

EUR/USD hits 5-day low

EUR/USD scored its lowest in 5 days at 1.3276 in recent dealings but buyers kept the pair supported. At time of writing, EUR/USD is at 1.3285, still 0.3% below its opening price, having lost over 100 pips within the last 2 trading days.

EUR/USD eyes 1.3240 support

“The pair trades below the 50% retracement of its latest bullish run, with the hourly chart showing a strong bearish momentum, RSI flat in oversold territory, and 20 SMA gaining bearish slope well above current price, which suggests there’s more room for falls”, says Valeria Bednarik, chief analyst at FXstreet.com. “In the 4 hours chart technical readings also support the downside, with buyers waiting around 1.3240, next strong static support level”.

Aug 12, 2013

AUD/USD finding support through Friday’s highs.

AUD/USD is being supported where it took off from Fri/Mon cross over sessions.

Flash: EUR/USD risk remains for short-term correction higher to 1.3417 – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses.