Back
13 Sep 2013
EUR/USD hits resistance, slumps to lows
FXstreet.com (Córdoba) - The EUR/USD faced strong selling pressure and failed to sustain gains above 1.3300, slumping to fresh session lows.
EUR/USD was strongly rejected from the 1.3320 zone and lost over 60 pips in a matter of minutes. EUR/USD is currently trading at the 1.3270 zone, recording a % loss on the day, having scored a 2-day low of 1.3258.
EUR/USD technical levels
The EUR/USD could find initial resistance at 1.3325 (high Sep.11) followed by 1.3343 (high Aug.29) and then 1.3399 (high Aug.28). On the other hand, a breakdown of 1.3243 (low Sep.11) would target 1.3230 (low Sep.10) en route to 1.3228 (MA10d).
EUR/USD was strongly rejected from the 1.3320 zone and lost over 60 pips in a matter of minutes. EUR/USD is currently trading at the 1.3270 zone, recording a % loss on the day, having scored a 2-day low of 1.3258.
EUR/USD technical levels
The EUR/USD could find initial resistance at 1.3325 (high Sep.11) followed by 1.3343 (high Aug.29) and then 1.3399 (high Aug.28). On the other hand, a breakdown of 1.3243 (low Sep.11) would target 1.3230 (low Sep.10) en route to 1.3228 (MA10d).