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12 Mar 2013
Forex: EUR/USD's recovery halts at 1.3035
After falling from 1.3075, the EUR/USD found support at the 1.3010 where the pair has started an attempt of recovery that has been capped at 1.3035. Currently the pair is trading at 1.3025, 0.15% below opening price.
As for technical indicators, the MACD, CCI and Momentum are bullish while the RSI and Stochastic is neutral in the 1-hour chart. The EUR/USD will face supports at 1.3000 ahead of 1.2980 (low Mar.11) and 1.2956 (Mar.8)
On the upside, a breakout of 1.3126 (MA100d) would open the door to 1.3135 (high Mar.8) and then 1.3163 (high Feb.28).
As for technical indicators, the MACD, CCI and Momentum are bullish while the RSI and Stochastic is neutral in the 1-hour chart. The EUR/USD will face supports at 1.3000 ahead of 1.2980 (low Mar.11) and 1.2956 (Mar.8)
On the upside, a breakout of 1.3126 (MA100d) would open the door to 1.3135 (high Mar.8) and then 1.3163 (high Feb.28).