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5 Aug 2013
EUR/USD recovery stalls at 1.3260
FXstreet.com (New York) - The EUR/USD foreign exchange rate has been unable to stabilize above the 1.3260 region Monday, now turning lower amidst mounting negativity during US trading.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD rebounded to the downside from 1.3300 levels proving the bearish resistance level can halt the bullish bias of the pair. We also see that the pair failed to stabilize above Linear Regression Indicator 34. The negative possibility is valid today and the rest of the week unless the pair breached 1.3315 levels and stabilized below it.”
EUR/USD technical bias
At the time of writing, the EUR/USD is now operating at 1.3256, having now suffered a loss of -0.19% thus far during US trading. In taking a look at the technicals, the pair remains fortified by support 1.3258, and remains fortified by additional measures at 1.3232, and 1.3188.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/USD rebounded to the downside from 1.3300 levels proving the bearish resistance level can halt the bullish bias of the pair. We also see that the pair failed to stabilize above Linear Regression Indicator 34. The negative possibility is valid today and the rest of the week unless the pair breached 1.3315 levels and stabilized below it.”
EUR/USD technical bias
At the time of writing, the EUR/USD is now operating at 1.3256, having now suffered a loss of -0.19% thus far during US trading. In taking a look at the technicals, the pair remains fortified by support 1.3258, and remains fortified by additional measures at 1.3232, and 1.3188.