16, April 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

Asian shares fell on Monday after global stocks and commodities fell last week amid weak growth in the U.S. and revived concerns about the euro zone, making the mood of investors cautious before the release of Chinese data later in the day.

EUR/USD - the euro faced a growing interest in sales about 1.3140 after several attempts to increase last week but buyers were ready and started an active trading around 1.3050.

A sustained trading above 1.31 is a warning that further testing of 1.3140/60 area may be started very soon. This is likely to be a tough fight but the pair chances look a little better than last week. On the other hand, the demand will be present as long as 1.2932/15 support holds.