EURUSD – Daily Technical Analysis – 20 Jun 2013

19
1358
EURO-Dollar-min

The EURUSD maintained a bearish momentum yesterday. Topped at 1.3415 level and bottomed at 1.3261. Now the pressure will be on the key support 1.3261, the EURUSD will have to hold below the 1.3261 levels on a daily closing basis to push the market for further downside losses If seen it will target the 1.3176 levels where a breach will turn the focus on the 1.3060 levels.

Alternatively, a failure to hold below the 1.3261 levels could mean a return to the 1.3415 levels, a break of 1.3415 will target 1.3460 ahead of 1.3520 levels.

Note that the pair might range within 1.3261/1.3415 levels before the next move.

EURUSDDailyTechnicalAnalysis20Jun2013_

MARKET DATA

UPCOMING ECONOMIC EVENTS

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