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4 Oct 2013
EUR/USD settles below 1.3600
FXstreet.com (Córdoba) - Following a steep decline during the European session, the EUR/USD found support and managed to stabilize at the 1.3580 area.
The EUR/USD failed to secure gains above 1.3600 and came under pressure amid profit taking and given the uncertain environment. With the non-farm payrolls report canceled and not much in the US calendar, the pair could enter a quieter phase for the rest of the session.
EUR/USD levels to watch
At time of writing, EUR/USD is trading at the 1.3585 zone, recording a 1.0% loss on the day. From a technical perspective,Valeria Bednarik chief analyst at FXstreet.com highlights lack of selling interest at current levels and locates immediate supports at 1.3570, 1.3535 and 1.3490, while she places resistances 1.3620, 1.3660 and 1.3710.
The EUR/USD failed to secure gains above 1.3600 and came under pressure amid profit taking and given the uncertain environment. With the non-farm payrolls report canceled and not much in the US calendar, the pair could enter a quieter phase for the rest of the session.
EUR/USD levels to watch
At time of writing, EUR/USD is trading at the 1.3585 zone, recording a 1.0% loss on the day. From a technical perspective,Valeria Bednarik chief analyst at FXstreet.com highlights lack of selling interest at current levels and locates immediate supports at 1.3570, 1.3535 and 1.3490, while she places resistances 1.3620, 1.3660 and 1.3710.