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3 May 2013
Forex: EUR/USD regains 1.3100
FXstreet.com (Córdoba) - The euro has managed to climb back to pre-NFP levels against the greenback, as solid employment data also boosted risk appetite, which is prevailing following a strong opening in Wall Street.
EUR/USD fell to a 4-day low of 1.3033, a few pips below yesterday's trough, and having recovered over 90 pips within the last hour, it reached the 100-hour SMA at 1.3125 before easing slightly.
At time of writing, EUR/USD is quoting around 1.3110/20, where it records a 0.4% gain on Friday. In terms of technical levels, on the upside, next resistances could be found at 1.3147 (daily high), and 1.3200 (psychological level) ahead of 1.3220 (high May 2). On the downside, supports are seen at 1.3033 (daily low) and 1.3000 (psychological level).
EUR/USD fell to a 4-day low of 1.3033, a few pips below yesterday's trough, and having recovered over 90 pips within the last hour, it reached the 100-hour SMA at 1.3125 before easing slightly.
At time of writing, EUR/USD is quoting around 1.3110/20, where it records a 0.4% gain on Friday. In terms of technical levels, on the upside, next resistances could be found at 1.3147 (daily high), and 1.3200 (psychological level) ahead of 1.3220 (high May 2). On the downside, supports are seen at 1.3033 (daily low) and 1.3000 (psychological level).