Back
28 Sep 2013
EUR/USD has fallen back for a soft landing
FXstreet.com (London) - EUR/USD has given back gains from a high of 1.3565 and is stabilising on demand at 1.3520 for the closing spell of this week’s session and remains in positive territory.
Research teams at TD Securities explains that the EUR/USD retains a firm bias but signals offer conflicting indications and markets generally seem to lack conviction; gains above 1.3570 or losses below 1.3465 will likely prompt more significant movement. Data has been less of an impact today while key turning points may come in next week with the labour reports form the US.
EUR/USD Level's
The 20 DMA is 1.3351, the 50 DMA is 1.3320 and the 200 DMA is 1.3171. RSI (14) reads 54.27. Supports are ascending from 1.3410, 1.3452, 1.3462, 1.3472, 1.3480, and 1.3496. Spot is currently 1.3511 while resistances 1.3538 and 1.3711.
Research teams at TD Securities explains that the EUR/USD retains a firm bias but signals offer conflicting indications and markets generally seem to lack conviction; gains above 1.3570 or losses below 1.3465 will likely prompt more significant movement. Data has been less of an impact today while key turning points may come in next week with the labour reports form the US.
EUR/USD Level's
The 20 DMA is 1.3351, the 50 DMA is 1.3320 and the 200 DMA is 1.3171. RSI (14) reads 54.27. Supports are ascending from 1.3410, 1.3452, 1.3462, 1.3472, 1.3480, and 1.3496. Spot is currently 1.3511 while resistances 1.3538 and 1.3711.