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15 Aug 2013
EUR/USD, who is going to stop it?
FXstreet.com (Chicago) - EUR/USD is up 0.60% as it reaches new intraday record highs at 1.3361.
In Wall Street, the Dow has declined 1.49%, followed by a Nasdaq down 1.76% and a S&P down 1.46%. The dollar seems unwanted as revealed by price action.
Trading at 1.3354, the pair surpassed immediate resistance at 1.3344 (July 31st highs) and gets closer to 1.3359 (June 16th highs) ceiling ahead of 1.3389 (June 12th highs). On the downside, supports are aligned at 1.3323 (July 26th highs), 1.3300 (August 3rd highs) followed by 1.3286 (August 5th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis with a EMA20 below current price and a MACD indicator pointing up.
In Wall Street, the Dow has declined 1.49%, followed by a Nasdaq down 1.76% and a S&P down 1.46%. The dollar seems unwanted as revealed by price action.
Trading at 1.3354, the pair surpassed immediate resistance at 1.3344 (July 31st highs) and gets closer to 1.3359 (June 16th highs) ceiling ahead of 1.3389 (June 12th highs). On the downside, supports are aligned at 1.3323 (July 26th highs), 1.3300 (August 3rd highs) followed by 1.3286 (August 5th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis with a EMA20 below current price and a MACD indicator pointing up.