Euro takes out 1.3200 levels

By TraderVox.com

Tradervox (Dublin) – Euro rose during the early US session above the 1.3200 levels, erasing the earlier slide of the day. Correlation between the Euro and US stocks broke as US stock opened up in red. Euro is currently trading around 1.3220, down about a tenth of a percent for the day. The resistance may be seen at 1.3260 and above at 1.3300 levels. The support may be seen at 1.3200 and below at 1.3160 levels.

The cable is trading comfortably above the 1.5800 levels at 1.5858, still down about 0.20% for the day. The support may be seen at 1.5800 and above at 1.5870 levels. The resistance may be seen at 1.5900 and above at 1.5970 levels. The pair has come off the lows of 1.5828 formed during the late European session.

USD/CHF has given up the gains of the day as it is approaching the 0.9100 levels. The pair is trading around 0.9118, almost flat for the day. The support may be seen at 0.9100 and below at 0.9080 levels. The resistance may be seen at 0.9150 and above at 0.9200.

USD/JPY has also given up some of the gains as it is trading around 83.58, still up about 0.22% for the day. The support may be seen at 83.30 and below at 83. The resistance may be seen at 83.80 and above at 84 levels.

The pressure on Australian dollar continues the US session as it is still trading under the 1.0500 levels. It is trading around 1.0483, down about 1.20% for the day. The support may be seen around 1.0450 and at 1.0400 while the resistance may be seen at 1.0500 and above at 1.0560 levels.

The US dollar index is trading around 79.82.

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