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13 Jun 2013
EUR/USD targets 1.3430 and 1.3450 next
FXstreet.com (Barcelona) - Having appreciated to its highest level since Feb 21, the EUR/USD continues to look technically bullish in the daily chart. According to Chris Capre, founder at 2nsSkies, Euro might be targeting 1.3430 and 1.3450 next.
Sub-1.33 value area to join uptrend
Capre usually awaits price to come back towards the dynamic support (20ema) on the 4hr chart as one of the strategies to join a trend. In the present EUR/USD context, Capre suggests that "traders not already long can look for pullbacks just sub-1.3300 and the 20ema, targeting 1.3430 and 1.3450."
Sub-1.33 value area to join uptrend
Capre usually awaits price to come back towards the dynamic support (20ema) on the 4hr chart as one of the strategies to join a trend. In the present EUR/USD context, Capre suggests that "traders not already long can look for pullbacks just sub-1.3300 and the 20ema, targeting 1.3430 and 1.3450."