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EUR/USD Outlook: September, 17 2013

Published 09/17/2013, 05:16 AM
Updated 02/21/2017, 08:25 AM

EUR/USD

The euro remains steady ahead of the Fed tomorrow and consolidates after fresh rally that peaked at 1.3384 on Monday. Pullback has so far found support at 1.3320, the previous high and hourly 55DMA, with positively aligned 4-hour studies keeping the upside focused. Key barriers lay at 1.3400 and 1.3450, and clearance of which to signal break above multi-month congestion. From the other side, weak hourly studies keep the downside vulnerable for possible test of important 1.33 support, with a Fibonacci at 61.8% of 1.3252/1.3384 upleg. A loss of which would sideline near-term bulls and open key support at 1.3350/40 higher platform, also 50% retracement of 1.3103/1.3384 rally.

Resistance: 1.3353; 1.3384; 1.3400; 1.3450


Support: 1.3324; 1.3300; 1.3274; 1.3252

<span class=EUR/USD" title="EUR/USD" src="https://d1-invdn-com.akamaized.net/content/pica57b062e856bca6be3873ac444b48036.png" height="400" width="800">

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