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2 Aug 2013
EUR/USD slowly giving in
FXstreet.com (Chicago) - EUR/USD bounced off 1.3211 region on the aftermath of a memorable journey for the markets, as the S&P 500 posted a fresh all-time high, yet again.
Price action indicated no advancements within past couple of hours as euro continued to give in small losses against the greenback. Closing with stellar all time high, Wall Street boosted dollar high on with worldwide markets drenched in green. At 21:00 GMT, the last public release in the US indicated matched 15.70M results for total vehicle sales in July.
Trading at 1.3208, the pair traded between supports at 1.3201 (July 17 highs), 1.3192 (July 10 highs), 1.3176 (July 15 highs) and resistances at 1.3229 (July 23 highs), 1.3252 (June 20 highs), 1.3271 (June 20 highs). On one hour timeframe analysis, the pair navigated below short and long term EMAs along a MACD indicator pointing up.
Price action indicated no advancements within past couple of hours as euro continued to give in small losses against the greenback. Closing with stellar all time high, Wall Street boosted dollar high on with worldwide markets drenched in green. At 21:00 GMT, the last public release in the US indicated matched 15.70M results for total vehicle sales in July.
Trading at 1.3208, the pair traded between supports at 1.3201 (July 17 highs), 1.3192 (July 10 highs), 1.3176 (July 15 highs) and resistances at 1.3229 (July 23 highs), 1.3252 (June 20 highs), 1.3271 (June 20 highs). On one hour timeframe analysis, the pair navigated below short and long term EMAs along a MACD indicator pointing up.