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18 Sep 2013
EUR/USD hits 1.3347 session lows hindered by bearish pressure
FXstreet.com (Chicago) - EUR/USD cracked down below the EMA20 to hit 1.3347 bottoms shortly after the release of AUD data amid speculations of a $10B bond-buying program tapering from the Fed. Giving in small pips amounts, the pair extends losses and retreats from the previous session and stalls.
EUR/USD Technical Levels – signs of a good battle today
Price action reveals a potential reversal in formation after the pair reached 1.3347 bottoms. Failing to resist bearish pressure, the start of today’s session remains marked by losses. Offered at 1.3349, the pair navigates between supports aligned at 1.3323 (September 12th highs), 1.3294 (August 22nd lows) ahead of 1.3255 (September 13th lows) and resistances set at 1.3353 (August 25th lows), 1.3392 (August 28th highs) followed by 1.3451 (August 21st highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and remains at critical juncture between present price and EMA20.
EUR/USD Technical Levels – signs of a good battle today
Price action reveals a potential reversal in formation after the pair reached 1.3347 bottoms. Failing to resist bearish pressure, the start of today’s session remains marked by losses. Offered at 1.3349, the pair navigates between supports aligned at 1.3323 (September 12th highs), 1.3294 (August 22nd lows) ahead of 1.3255 (September 13th lows) and resistances set at 1.3353 (August 25th lows), 1.3392 (August 28th highs) followed by 1.3451 (August 21st highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and remains at critical juncture between present price and EMA20.