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21 Jun 2013
EUR/USD moving up
FXstreet.com (London) - EUR/USD has moved within a range of some 258 pips between a high of 1.3418 and printing a low of 1.3160 since the release of the FOMC announcements.
There has since been a raft of data releases which came yesterday, with the EZ overshadowed by bullish US data in the main. The data releases for the pair are third tier only with the Current Account net flow for the EZ and Italian wage inflation at 08.00GMT
EUR/USD price action
The price action in EUR/USD has seen the pair move sharply higher from the lows in in late European hours and a continuation to the upside, when the pair drifted through resistance levels to find territory back in between 1.3210 and 1.3240/50 zone. Ma’s are in positive areas with an upside bias while the pair are trading above the pivot. 1.3200 comes as support while targeting to the upside 1.3260 and 1.3300.
There has since been a raft of data releases which came yesterday, with the EZ overshadowed by bullish US data in the main. The data releases for the pair are third tier only with the Current Account net flow for the EZ and Italian wage inflation at 08.00GMT
EUR/USD price action
The price action in EUR/USD has seen the pair move sharply higher from the lows in in late European hours and a continuation to the upside, when the pair drifted through resistance levels to find territory back in between 1.3210 and 1.3240/50 zone. Ma’s are in positive areas with an upside bias while the pair are trading above the pivot. 1.3200 comes as support while targeting to the upside 1.3260 and 1.3300.