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11 Feb 2013
Forex: EUR/USD above opening price, session low at 1.3362
New found downside pressure on the US shift has been limited to 1.3362 session low, which has been supporting the EUR/USD against a return to the 50% retracement of the move higher seen this year, at 1.3355. The market is quoting above the opening price, at 1.3380 (+0.08%) as of writing.
The Eurogroup meetings and preparations for the G-20 meeting should keep investors close to the screens. It's been reported that the G7 might release a currency-related statement, about the so-called “currency war”.
“Strong supports are given by 1.3257 and by the low of the rising channel”, wrote MIG Bank analyst Bijoy Kar, pointing to hourly resistances at 1.3429 (08/02/2013 high) and 1.3494 (06/02/2013 low).
The Eurogroup meetings and preparations for the G-20 meeting should keep investors close to the screens. It's been reported that the G7 might release a currency-related statement, about the so-called “currency war”.
“Strong supports are given by 1.3257 and by the low of the rising channel”, wrote MIG Bank analyst Bijoy Kar, pointing to hourly resistances at 1.3429 (08/02/2013 high) and 1.3494 (06/02/2013 low).