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21 Jun 2013
EUR/USD finds support at 1.3100
FXstreet.com (San Francisco) - The Euro's decline against the US dollar seems to have found support at the 1.3100 key level with the EUR/USD bouncing back to price around 1.3150.
After falling around 120 pips in the American session, the EUR/USD is currently 0.55% negative on the day. However, the short term perspective is now slightly bullish according to the FXstreet.com trend index in the 15-minute chart.
EUR/USD's bias turning to positive
As for technical readings, indicators such as CCi and momentum are pointing to the north while the Stochastic and the MACD are neutral in the 15-minute timeframe too. Below 1.3100, next supports could be faced at 1.3090 (100-day SMA) and 1.3070 (200-day SMA), while on the upside, resistances are seen at 1.3250 (daily high) and 1.3300 (Jun 20 high).
After falling around 120 pips in the American session, the EUR/USD is currently 0.55% negative on the day. However, the short term perspective is now slightly bullish according to the FXstreet.com trend index in the 15-minute chart.
EUR/USD's bias turning to positive
As for technical readings, indicators such as CCi and momentum are pointing to the north while the Stochastic and the MACD are neutral in the 15-minute timeframe too. Below 1.3100, next supports could be faced at 1.3090 (100-day SMA) and 1.3070 (200-day SMA), while on the upside, resistances are seen at 1.3250 (daily high) and 1.3300 (Jun 20 high).