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4 Jul 2013
EUR/USD stabilizes above 1.2900
FXstreet.com (New York) - The EUR/USD technical pair has steadied above the 1.2900 barrier Thursday, amidst a volatile day, despite many investors being off due to the holiday in the US.
EUR/USD roiled by earlier ECB decision
While, the EUR/USD is still operating in negative territory at -0.72% in these moments, having settled at 1.2912 in these moments. An earlier drop towards the 1.2883 region (intraday low) came at the hand of the ECB holding its rates steady earlier at 0.5%. Technically speaking, the Mataf.net analyst team has identified supports at 1.2877, ahead of 1.2832.
EUR/USD external stimuli drive pair
According to Sean Callow, a Global FX Strategist at Westpac, “Regarding the EUR/USD, five-week lows encourage us to persist with our short position entered at 1.3208. However, price action has been rather mixed and perhaps Draghi will be able to calm nerves over Portugal and Greece. We are inclined to pull our stop loss into the money but for now stick with our 1.2850 multi-day target.”
EUR/USD roiled by earlier ECB decision
While, the EUR/USD is still operating in negative territory at -0.72% in these moments, having settled at 1.2912 in these moments. An earlier drop towards the 1.2883 region (intraday low) came at the hand of the ECB holding its rates steady earlier at 0.5%. Technically speaking, the Mataf.net analyst team has identified supports at 1.2877, ahead of 1.2832.
EUR/USD external stimuli drive pair
According to Sean Callow, a Global FX Strategist at Westpac, “Regarding the EUR/USD, five-week lows encourage us to persist with our short position entered at 1.3208. However, price action has been rather mixed and perhaps Draghi will be able to calm nerves over Portugal and Greece. We are inclined to pull our stop loss into the money but for now stick with our 1.2850 multi-day target.”