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9 Sep 2013
EUR/USD drifting lower meeting key resistance 1.3280
FXstreet.com (London) - EUR/USD has had a nice run continuing from Friday’s move to 1.3180 after the disappointing US jobs data. The pair has made a good high at 1.3280, settling above 1.3260 but now has started to ease off on the offer to 1.3250 support and May highs.
EUR/USD opened on the bid and has continued through the figure and subsequent resistances towards 1.3300 psychological handle, exceeding April, and May highs, and marking a new high for this month. On Wednesday we will see CPI data for Germany. Then we have some jobless claims data for the US and Friday will bring Michigan consumer Sentiment.
EUR/USD RSI above 70
The 20 DMA is 1.3282, the 50 DMA is 1.3203 and the 200 DAM is 1.3148. RSI (14) reads 79.37 and signals a consolidation period. Supports are ascending from 1.3051, 1.3126, 1.313,9 1.3154, 1.3171, and 1.3189, 1.3200 and 1.3250. Spot is 1.3253 and resistances are 1.3260, 1.3280 and 1.3300.
EUR/USD opened on the bid and has continued through the figure and subsequent resistances towards 1.3300 psychological handle, exceeding April, and May highs, and marking a new high for this month. On Wednesday we will see CPI data for Germany. Then we have some jobless claims data for the US and Friday will bring Michigan consumer Sentiment.
EUR/USD RSI above 70
The 20 DMA is 1.3282, the 50 DMA is 1.3203 and the 200 DAM is 1.3148. RSI (14) reads 79.37 and signals a consolidation period. Supports are ascending from 1.3051, 1.3126, 1.313,9 1.3154, 1.3171, and 1.3189, 1.3200 and 1.3250. Spot is 1.3253 and resistances are 1.3260, 1.3280 and 1.3300.