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Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - Even though the EUR/USD printed a marginal new high during the New York session, it failed to sustain gains and confirm a break above the 100-day SMA and pulled back.

The EUR/USD reached a high of 1.3583 before finding sellers and retreating, although the slide was contained by the 55-hour SMA at 1.3553, confining the euro-dollar to a phase of consolidation. In the absence of first-tier US data, the EUR/USD has spent the last hours in a range, unable to pick up momentum. At time of writing, the pair is trading at 1.3565, virtually unchanged since opening.

EUR/USD technical outlook

From a technical perspective, Valeria Bednarik, chief analyst at FXStreet, notes that short term positive tone prevails since early European opening. "The 1.3610/20 area is a strong static resistance area, and unless a clear advance above it, the upside will remain limited", Bednarik said.

The analyst locates next resistance levels at 1.3575, 1.3620 and 1.3660, while she sees supports at 1.3540, 1.3505 and 1.3485.
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