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20 Jun 2013
EUR/USD bounces back to 1.3200
FXstreet.com (Córdoba) - The EUR/USD found support and bounced after hitting a 2-week low of 1.3161 in the wake of the latest string of US data, which offered further support to the greenback.
EUR/USD keeps coming back to 1.3200
However, USD fresh momentum was short-lived allowing EUR/USD to recoup ground and to rise back to about 1.3200 where it is trading at time of writing, still down 0.7% on the day, following an equal slump seen on Wednesday.
On the downside, immediate supports are seen at 1.3160 (daily low) and 1.3150 (21-day SMA), while on the upside, resistances could be found at 1.3225 (intraday level) and 1.3300 (daily high).
EUR/USD keeps coming back to 1.3200
However, USD fresh momentum was short-lived allowing EUR/USD to recoup ground and to rise back to about 1.3200 where it is trading at time of writing, still down 0.7% on the day, following an equal slump seen on Wednesday.
On the downside, immediate supports are seen at 1.3160 (daily low) and 1.3150 (21-day SMA), while on the upside, resistances could be found at 1.3225 (intraday level) and 1.3300 (daily high).