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21 Jun 2013
EUR/USD falls back below 1.3200
FXstreet.com (Córdoba) - The USD is gaining fresh strength at the beginning of the American session, dragging EUR/USD back below the 1.3200 mark.
USD resumes its rally
Following a rather quiet European session, the USD resumed its rally, with US investors joining in, and sent EUR/USD to a daily low of 1.3168, not far from its 2-week trough of 1.3161. At time of writing, EUR/USD is trading at the 1.3170 zone, recording a 0.4% loss on the day.
With the US calendar clear for the rest of the day, the greenback could take some cues from stocks and treasury markets. If EUR/USD breaks below the 1.3160 area(21-day SMA/Jun 20 low), next support could be found at 1.3100 (psychological level), while on the upside, resistances are seen at 1.3250 (daily high) and 1.3300 (Jun 20 high).
USD resumes its rally
Following a rather quiet European session, the USD resumed its rally, with US investors joining in, and sent EUR/USD to a daily low of 1.3168, not far from its 2-week trough of 1.3161. At time of writing, EUR/USD is trading at the 1.3170 zone, recording a 0.4% loss on the day.
With the US calendar clear for the rest of the day, the greenback could take some cues from stocks and treasury markets. If EUR/USD breaks below the 1.3160 area(21-day SMA/Jun 20 low), next support could be found at 1.3100 (psychological level), while on the upside, resistances are seen at 1.3250 (daily high) and 1.3300 (Jun 20 high).