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2 Aug 2013
EUR/USD prints fresh highs but holds below 1.3300
FXstreet.com (Córdoba) - The EUR/USD extended gains to fresh daily highs following the release of disappointing manufacturing data for the US, but stalled just ahead of the 1.3300 psychological level.
EUR/USD lacks momentum to clear 1.3300
EUR/USD managed to rise past the 1.3280 area, which capped the upside at the first attempt, and stretched to a daily high of 1.3293 in recent dealings, as below expectations US data keeps hitting the greenback.
At time of writing, EUR/USD is trading at the 1.3285/90 area, still up 0.6% on the day. Valeria Bednarik, chief analyst at FXstreet.com commented that EUR/USD needs to accelerate above daily highs to attempt a retest of 1.3340 price zone.
Bednarik sees immediate resistances at 1.3295, 1.3340 and 1.3385, while she sees supports at 1.3250, 1.3220 and 1.3180.
EUR/USD lacks momentum to clear 1.3300
EUR/USD managed to rise past the 1.3280 area, which capped the upside at the first attempt, and stretched to a daily high of 1.3293 in recent dealings, as below expectations US data keeps hitting the greenback.
At time of writing, EUR/USD is trading at the 1.3285/90 area, still up 0.6% on the day. Valeria Bednarik, chief analyst at FXstreet.com commented that EUR/USD needs to accelerate above daily highs to attempt a retest of 1.3340 price zone.
Bednarik sees immediate resistances at 1.3295, 1.3340 and 1.3385, while she sees supports at 1.3250, 1.3220 and 1.3180.