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21 Jun 2013
EUR/USD finds no respite
FXstreet.com (Córdoba) - The EUR/USD slippage has extended through the New York session, with EUR/USD breaking below several support levels to hit a fresh 2-week low.
EUR/USD eyes 1.3100
The EUR/USD entered in a tailspin on Wednesday after Bernanke said the Fed could begin to taper its QE policy, which gave the USD a strong boost. EUR/USD has fallen as low as 1.3110 and it is currently trading at the 1.3115 zone, where it prints a 0.8% daily loss, the third straight one in a row.
Below 1.3100, next supports could be faced at 1.3090 (100-day SMA), while on the upside, resistances are seen at 1.3250 (daily high) and 1.3300 (Jun 20 high).
EUR/USD eyes 1.3100
The EUR/USD entered in a tailspin on Wednesday after Bernanke said the Fed could begin to taper its QE policy, which gave the USD a strong boost. EUR/USD has fallen as low as 1.3110 and it is currently trading at the 1.3115 zone, where it prints a 0.8% daily loss, the third straight one in a row.
Below 1.3100, next supports could be faced at 1.3090 (100-day SMA), while on the upside, resistances are seen at 1.3250 (daily high) and 1.3300 (Jun 20 high).