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Forex pairs in this Article » EUR/USD (Barcelona) - EUR/USD is last trading at 1.3066, off fresh session and 3-week lows at 1.3054, easing from session highs at 1.3087, on the back of broad USD strength and risk-off sentiment in the region. The pair is currently down -0.43% so far for the week, ahead of later on Ecofin meetings taking place in Brussels.

Holding above key Fibo area

Current level around the 1.3066 “is significant because it is the 38.2% Fibonacci retracement of the July 2012 to February 2013 rally that took the currency pair from a low of 1.2042 to a high of 1.3710,” said BK Asset Management managing director Kathy Lien. Gold being dumped below the $1250 mark for first time since Sept 2010 has also helped the USD strength case.

Key technical levels

Immediate support to the downside for EUR/USD lies at recent fresh 3-week lows 1.3054, followed by June 05 lows at 1.3050, and June 04 lows at 1.3042. To the upside, closest resistance shows at current levels as yesterday's lows 1.3066, followed by Friday's lows at 1.3097, and yesterday's weekly highs at 1.3150.
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