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18 Mar 2013
Forex: EUR/USD rises to test 1.3000
FXstreet.com (San Francisco) - After rising 75 pips from 1.2920 in the last couple of hours, the EUR/USD has tested the 1.3000 area with the pair reaching as high as 1.2995 but retracing to the 1.2970 area. The pair is currently trading at 1.2967.
With 0.70% losses on the day, the EUR/USD is trading in a slightly bullish trend according to the FXstreet.com Forex Studies. CCI and Momentum are bullish while Stochastic is bearish and MACD is neutral.
As supports, a breach of 1.2882 (low Mar.180 would open the door o 1.2878 (low Dec.7) and then 1.2872 (MA200d).
On the flip side, resistance levels line up at 1.3094 (MA21d) ahead of 1.3129 (MA100d) and then 1.3135 (high Mar.8).
With 0.70% losses on the day, the EUR/USD is trading in a slightly bullish trend according to the FXstreet.com Forex Studies. CCI and Momentum are bullish while Stochastic is bearish and MACD is neutral.
As supports, a breach of 1.2882 (low Mar.180 would open the door o 1.2878 (low Dec.7) and then 1.2872 (MA200d).
On the flip side, resistance levels line up at 1.3094 (MA21d) ahead of 1.3129 (MA100d) and then 1.3135 (high Mar.8).