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20 Jun 2013
EUR/USD threatening 1.3260 support
FXstreet.com (Barcelona) - EUR/USD is last trading at 1.3269, near session and fresh weekly lows at 1.3261, posted on the back of FED Bernanke's comments post-FOMC, signaling the end of bond purchases to start as soon as next September. The pair is down -0.56% for the week so far.
Fresh weakness may extend
According to analyst at Windsor Brokers and contributor at FXstreet.com Slobodan Drvenica, EUR/USD stopped the downfall at “61.8% retracement of 1.3176/1.3414 upleg,” founding “temporary support,” Drvenica said, adding: “Fresh weakness may extend to 1.3230, 76.4% retracement and 1.3200, round figure support.”
Key technical levels
Immediate support to the downside for EUR/USD lies at mentioned weekly lows 1.3261, followed by June 11 lows at 1.3230 and June 07 lows at 1.3190. To the upside, closest resistance shows at June 13 lows 1.3277, followed by June 14 lows at 1.3293, and Monday's lows at 1.3318.
Fresh weakness may extend
According to analyst at Windsor Brokers and contributor at FXstreet.com Slobodan Drvenica, EUR/USD stopped the downfall at “61.8% retracement of 1.3176/1.3414 upleg,” founding “temporary support,” Drvenica said, adding: “Fresh weakness may extend to 1.3230, 76.4% retracement and 1.3200, round figure support.”
Key technical levels
Immediate support to the downside for EUR/USD lies at mentioned weekly lows 1.3261, followed by June 11 lows at 1.3230 and June 07 lows at 1.3190. To the upside, closest resistance shows at June 13 lows 1.3277, followed by June 14 lows at 1.3293, and Monday's lows at 1.3318.