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5 Aug 2013
EUR/USD, sellers protect 1.3280 resistance
FXstreet.com (Chicago) - EUR/USD is capped around 1.3280 resistance region as Monday journey continues to advance in Asia.
Price action indicated a small retracement from 1.3280 regions as pair traded at 1.3274 between supports at 1.3270 (July 29 highs) ahead of 1.3257 (55-day MA) and 1.3246 (200-day SMA). On the upside, the pair faced resistances at 1.3290 (August 2 high), onto 1.3306 (August 1 high), and finally 1.3384 (July 31 high).
Later on Monday, the Eurostat will publish retail sales and Markit Services PMI data. In the US, the Institute for Supply Management is expected to publish its Non-manufacturing PMI.
Price action indicated a small retracement from 1.3280 regions as pair traded at 1.3274 between supports at 1.3270 (July 29 highs) ahead of 1.3257 (55-day MA) and 1.3246 (200-day SMA). On the upside, the pair faced resistances at 1.3290 (August 2 high), onto 1.3306 (August 1 high), and finally 1.3384 (July 31 high).
Later on Monday, the Eurostat will publish retail sales and Markit Services PMI data. In the US, the Institute for Supply Management is expected to publish its Non-manufacturing PMI.