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10 Sep 2013
EUR/USD spikes to 1.3266 session records
FXstreet.com (Chicago) - EUR/USD rose to 1.3266 but failed to maintain 1.3260 zone as bears put pressure on bullish move and send the pair back to the ground, erasing most peak gains within minutes.
Price action reveals the pair trades at 1.3258 between supports at 1.3235 (August 13th lows), 1.32 (August 16th lows) ahead of 1.3172 (August 30th lows) and resistances at 1.3280 (August 12th lows), 1.33 (August 27th lows) followed by 1.3323 (August 28th lows). The upward trendline is respected after last week’s reversal from 5-week lows (September 6th lows) and higher lows confirm the bullish momentum. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and is offered above the EMA20.
Price action reveals the pair trades at 1.3258 between supports at 1.3235 (August 13th lows), 1.32 (August 16th lows) ahead of 1.3172 (August 30th lows) and resistances at 1.3280 (August 12th lows), 1.33 (August 27th lows) followed by 1.3323 (August 28th lows). The upward trendline is respected after last week’s reversal from 5-week lows (September 6th lows) and higher lows confirm the bullish momentum. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and is offered above the EMA20.