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Forex pairs in this Article » EUR/USD (Córdoba) - The EUR/USD failed to extend its bounce above the 100-hour SMA that stands at the 1.3760 zone and entered a consolidation phase just below that level in the absence of market-moving data or other developments to trigger new movements in the pair.

The EUR/USD fell to a 4-day low of 1.3708 during the European trade but the USD lacked momentum to drag the pair lower and with the subsequent bounce being capped by the 100-hour SMA, the EUR/USD was confined to a narrow range as investors gear up for next week's FOMC meeting.

EUR/USD levels to watch

The EUR/USD is currently trading at the 1.3725 area, 0.2% below its opening price, but on track to post a 0.1% weekly gain, the fifth in a row. In terms of technical levels, immediate resistances line up at 1.3770 (daily high), 1.3811 (Dec 11 high) and 1.3832 (Oct 31 high). On the other hand, supports are now seen at 1.3708 (daily high), 1.3700 (psychological level) and 1.3685 (10-day SMA).
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