Forex: EUR/USD finds support at 1.3000

on Jun 28, 2013
Listen Friday June 28th_: The price action yesterday started at 1.3015, reached a 1.2999 low (1.3000 brought support) and rebounded to 1.3056 high. Subsequently the pair declined to close the day at 1.3035, for a 0.20 percent gain on the day.

So far in today’s Asian trading (closing shortly) the EUR/USD has rallied by 0.30 percent and is at the moment staying at 1.3067.
The MACD convergence has been providing bullish pressure since 26 June and currently the price is 0.85 percent higher than Wednesday’s low.
The MA200 on the 4H chart is slightly ascending and is right now residing at 1.3083, with the potential to become a resistance level.

Resistance levels as of today: 1.3056, 1.3080 and 1.3150.
Support levels as of today: 1.3000, 1.2983 and 1.2954.
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