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14 Jun 2013
EUR/USD bounces off lows to 1.3312
FXstreet.com (New York) - The EUR/USD foreign exchange rate waned towards intraday lows during US trading, before receiving a minor bump that brought the pair back above support.
In the United States, Net Long-Term TIC Flows (April) were reported at $-37.3B, compared to a figure of $-13.4B. Moreover, Industrial Production (MoM) was unchanged in May, vs. projections calling for +0.2%.
EUR/USD regains 1.3300 barrier
Presently, the EUR/USD is trading at 1.3312 (intraday lows) during US trading, following a slight decline below the 1.3300 barrier. According to the Mataf.net analyst team, the EUR/USD will look towards supports at 1.3299 followed by 1.3233, and finally 1.3187. Alternatively, a movement to the upside and paring of losses will usher in resistances at 1.3411, then 1.3457, and eventually 1.3523.
In the United States, Net Long-Term TIC Flows (April) were reported at $-37.3B, compared to a figure of $-13.4B. Moreover, Industrial Production (MoM) was unchanged in May, vs. projections calling for +0.2%.
EUR/USD regains 1.3300 barrier
Presently, the EUR/USD is trading at 1.3312 (intraday lows) during US trading, following a slight decline below the 1.3300 barrier. According to the Mataf.net analyst team, the EUR/USD will look towards supports at 1.3299 followed by 1.3233, and finally 1.3187. Alternatively, a movement to the upside and paring of losses will usher in resistances at 1.3411, then 1.3457, and eventually 1.3523.