Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - The EUR/USD consolidates above the 1.3300 mark during the American afternoon as the pair entered in a consolidation phase after hitting a 4-month high.

EUR/USD holds onto gains

EUR/USD pierced above the 1.3340 area (61.8% retracement of the broader 1.3710/1.2746 fall) and extended gains to a peak of 1.3359 before losing momentum and pulling back. However, with the subsequent dip being contained by the 1.3320 zone, the pair is currently trading around 1.3335, where it holds onto a 0.2% daily gain.

As for technical levels, if EUR/USD breaks decisively above 1.3360, next resistances are seen at 1.3400 (psychological level) and 1.3430 (Feb 20 high), while on the other hand supports are seen at 1.3265 (daily low) and 1.3230 (Jun 11 low).
comments powered by Disqus