Back
10 Sep 2013
EUR/USD back to positive territory
FXstreet.com (Córdoba) - The EUR/USD remains quite steady in a narrow range Tuesday, consolidating the previous day’s gains as risk sentiment improves amid receding concerns over Syria.
Prospects of strike on Syria fade
Latest headlines report the Syrian foreign minister has told the Russian parliament that the Assad regime has accepted the plan to hand over its chemical weapons, raising the possibility of a US military strike being delayed or shelved.
EUR/USD has climbed back to positive territory after bouncing from a daily low of 1.3230, extending gains into a third consecutive day. At time of writing, EUR/USD is trading at the 1.3260 zone, a few pips above its opening price and not far from its 11-day peak of 1.3280 scored on Monday.
EUR/USD levels to watch
If EUR/USD picks up momentum and breaks above the 1.3280 level, next resistances could be found at 1.3300 (psychological level) and 1.3345 (Aug 29 high), while on the other hand, supports are now seen at 1.3235 (daily low) and 1.3200 (psychological level).
Prospects of strike on Syria fade
Latest headlines report the Syrian foreign minister has told the Russian parliament that the Assad regime has accepted the plan to hand over its chemical weapons, raising the possibility of a US military strike being delayed or shelved.
EUR/USD has climbed back to positive territory after bouncing from a daily low of 1.3230, extending gains into a third consecutive day. At time of writing, EUR/USD is trading at the 1.3260 zone, a few pips above its opening price and not far from its 11-day peak of 1.3280 scored on Monday.
EUR/USD levels to watch
If EUR/USD picks up momentum and breaks above the 1.3280 level, next resistances could be found at 1.3300 (psychological level) and 1.3345 (Aug 29 high), while on the other hand, supports are now seen at 1.3235 (daily low) and 1.3200 (psychological level).