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18 Jun 2013
EUR/USD holding the line below 1.3380
EUR/USD is last at 1.3362 retracing from session and weekly highs at 1.3382, off early London session weekly lows at 1.3318. The pair is in the positive for the week so far but still little change, awaiting for FED Bernanke on Wed.
Waiting for FOMC
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “dominant trend is bullish and the upside remains favored, as long as price finds buyers on dips down to 1.3240.” She believes that “expectations over the FOMC meeting later this week, are keeping investors on their toes and rumors hitting the wires will be the main market movers these days,” Bednarik said.
Key technical levels
The analyst finds support levels at: 1.3350, 1.3310 and 1.3270, while resistance levels at: 1.3400, 1.3440 and 1.3480.
Waiting for FOMC
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “dominant trend is bullish and the upside remains favored, as long as price finds buyers on dips down to 1.3240.” She believes that “expectations over the FOMC meeting later this week, are keeping investors on their toes and rumors hitting the wires will be the main market movers these days,” Bednarik said.
Key technical levels
The analyst finds support levels at: 1.3350, 1.3310 and 1.3270, while resistance levels at: 1.3400, 1.3440 and 1.3480.