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7 Oct 2013
EUR/USD suspended; close to immediate 1.3564 limits
FXstreet.com (Chicago) - EUR/USD opened with runaway gap in Asia but remains limited below the 1.3564 resistance zone. The American country continues under political crisis on potentially not so liquid session due to Asian holidays.
US crisis carried on
Amid a US government shutdown that goes on and inflexible perspectives dividing republicans and democrats, the US crisis continues. With less than two weeks until the debt ceiling is breached, tensions won’t smooth down. Later in the day, market participants are expecting the Sentix investor confidence results in the European zone and US consumer credit change.
EUR/USD Technical Levels
Price action reveals primary and secondary trends pointing up with short-term price movement flowing downward. Expecting to have low liquidity on Asian session due to several holidays, the pair opens with runaway gap that led the price to 1.3567 highs, breaking temporarily the immediate resistance. Offered at 1.3560, the pair navigates between the supports aligned at 1.3564 (September 13th highs), 1.3461 (August 20th highs) ahead of 1.34 (August 8th highs) and the resistances set at 1.3632 (session highs), 1.3716 (January 31st highs) followed by 1.3816 (October 30th 2011 highs).
US crisis carried on
Amid a US government shutdown that goes on and inflexible perspectives dividing republicans and democrats, the US crisis continues. With less than two weeks until the debt ceiling is breached, tensions won’t smooth down. Later in the day, market participants are expecting the Sentix investor confidence results in the European zone and US consumer credit change.
EUR/USD Technical Levels
Price action reveals primary and secondary trends pointing up with short-term price movement flowing downward. Expecting to have low liquidity on Asian session due to several holidays, the pair opens with runaway gap that led the price to 1.3567 highs, breaking temporarily the immediate resistance. Offered at 1.3560, the pair navigates between the supports aligned at 1.3564 (September 13th highs), 1.3461 (August 20th highs) ahead of 1.34 (August 8th highs) and the resistances set at 1.3632 (session highs), 1.3716 (January 31st highs) followed by 1.3816 (October 30th 2011 highs).