by Tue, 16 Nov 2010 13:36:00 +0100
Forex: EUR/USD returns above 1.3600
FXstreet.com (Barcelona) - The EUR/USD recently resurfaced above the 1.3600 barrier, seemingly finding slight resistance however near 1.3620. The pair remains in range to extend its recovery from a 1.3580 low however, currently quoting at 1.3613 ahead of a slew of US fundamental data.
Igor Kulaga of Forex Ltd recommends: ¨For short-term sales on condition of formation of topping signals the targets will be 1.3600/20, 1.3540/60 and/or further breakout variant up to 1.3480/1.3500, 1.3420/40, 1.3340/60. Alternative for buyers will be above 1.3720 with targets 1.3760/80, 1.3820/40, 1.3880/1.3900.¨
| Technical Analysis (2010-11-16 12:30 GMT) | |
|---|---|
EUR/USD 1.3612/1.3613 - O: 1.3799 H: 1.3817 L: 1.3798 C: 1.3814 | |
| Trend | R3: 1.3686 |
 | R2: 1.3652 |
| R1: 1.3618 | |
| S1: 1.3543 | |
| S2: 1.3577 | |
| S3: 1.3612 | |
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