EUR/USD showed up above 1.3200 and hit a day's high of 1.3202 ahead of the ADP employment report, but lacked momentum to extend gains and pulled back.
However, the slide was contained by the 1.3150 area and the pair bounced back toward the 1.3175/80 zone, where it is quoting at time of writing, 0.9% above its opening price.
From a technical view, "hourly studies remain positive, with 1.3115/00 zone, today's intraday low / 20 day SMA, required to contain dips on overbought hourlies, with clearance of 1.3200/12 required for fresh attack at 1.3232", said Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Loss of 1.3100 handle would risk return to 1.3000".
However, the slide was contained by the 1.3150 area and the pair bounced back toward the 1.3175/80 zone, where it is quoting at time of writing, 0.9% above its opening price.
From a technical view, "hourly studies remain positive, with 1.3115/00 zone, today's intraday low / 20 day SMA, required to contain dips on overbought hourlies, with clearance of 1.3200/12 required for fresh attack at 1.3232", said Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Loss of 1.3100 handle would risk return to 1.3000".
No comments:
Post a Comment