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19 Aug 2013
EUR/USD extends the correction
FXstreet.com (Córdoba) - Following a sideways phase, the EUR/USD came under mild pressure and extended its pullback from daily highs.
EUR/USD fails to sustain gains
EUR/USD gave up the 1.3345 support area and stretched to a session low of 1.3335 where the 20-hour SMA contained the slide. At time of writing, EUR/USD is trading at 1.3340, still 10 pips above its opening price.
EUR/USD received a boost and peaked at 1.3374 during the European trade after Bundesbank said the so-called ECB forward guidance was not an "unconditional commitment". Germany's central bank noted that rates could rise if inflation pressures emerge.
EUR/USD fails to sustain gains
EUR/USD gave up the 1.3345 support area and stretched to a session low of 1.3335 where the 20-hour SMA contained the slide. At time of writing, EUR/USD is trading at 1.3340, still 10 pips above its opening price.
EUR/USD received a boost and peaked at 1.3374 during the European trade after Bundesbank said the so-called ECB forward guidance was not an "unconditional commitment". Germany's central bank noted that rates could rise if inflation pressures emerge.