Thursday, 17 January 2013

EUR/USD creeps back above 1.3300


EUR/USD recorded a second day of losses Wednesday since peaking at the 1.3400 handle, closing NY down around 15 pips to 1.3287 after dipping to as low as 1.3256. 

From Valeria Bednarik, Chief Analyst at FXstreet: "Buyers are now aligned around the 1.3250 area, with stops gathering right below: if broken, 1.3180 is next bearish target, while steady gains above 1.3320, will reduce chances of a slide, with some limited gains afterwards." 

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