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Saturday, June 8, 2013

EUR/USD recorded third consecutive weekly gain

FXstreet.com (Cordoba) - after an impressive rally on Thursday and only a slight setback following the report NFP, EUR/USD is ready to close the week on 1.3200.

EUR/USD rose to a maximum of 1.3304 in a week loaded with indicators and central banks, and that led to a generalized weakness of the USD. However, a strong employment report gave the US currency.UU. a break, sending the pair briefly under 1.3200 during the New York session.

As the market calmed down and operations week draws to a close, the EUR/USD has stabilised around 1.3220, where with few changes in the day, but on way to register its third consecutive weekly gain, this time by a 1.7%.

From a technical point of view, "1.3180 area, is offered now as a solid platform of support and a springboard for a major rise", says Anna Coulling, analyst of Hawkeye. "The next area of resistance of prices now expected above extends from 1.33 to 1.3425".

* FXstreet.es, news of currency *

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