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9 Sep 2013
EUR/USD bullish testing 1.3220 resistance
FXstreet.com (London) - EUR/USD had regained its positioning back in the 1.3200 handle, continuing on from Friday’s move to 1.3180 after the disappointing US jobs data.
EUR/USD opened on the bid and has continued through the figure exceeding September highs. The pair may find some resistance here meeting the May top on a quiet calendar. On Wednesday we will see CPI data for Germany. Then we have some jobless claims data for the US later in the week and Friday will bring Michigan Consumer Sentiment.
EUR/USD RSI above 70
The 20 DMA is 1.3282, the 50 DMA is 1.3203 and the 200 DAM is 1.3148. RSI (14) reads 77.55 and signals a consolidation period. Supports are ascending from 1.3051, 1.3126, 1.313,9 1.3154, 1.3171, and 1.3189. Spot is 1.3219 and resistances are 1.3225, 1.3237 and 1.3255.
EUR/USD opened on the bid and has continued through the figure exceeding September highs. The pair may find some resistance here meeting the May top on a quiet calendar. On Wednesday we will see CPI data for Germany. Then we have some jobless claims data for the US later in the week and Friday will bring Michigan Consumer Sentiment.
EUR/USD RSI above 70
The 20 DMA is 1.3282, the 50 DMA is 1.3203 and the 200 DAM is 1.3148. RSI (14) reads 77.55 and signals a consolidation period. Supports are ascending from 1.3051, 1.3126, 1.313,9 1.3154, 1.3171, and 1.3189. Spot is 1.3219 and resistances are 1.3225, 1.3237 and 1.3255.