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Forex pairs in this Article » EUR/USD (London) - EUR/USD is moving into a tight consolidation at 1.3665/75.

Earlier, strategists at Commerzbank noted that the EUR/USD continues to struggle at the top of the rising wedge pattern. “We continue to view the pattern as a potential rising wedge pattern and a close below 1.3503 will complete it. We look for the 1.3295/94 zone to be retested (current November low and the 50% retracement of the move up from July)”.

EUR/USD Levels

The 20 DMA is 1.3509, the 50 DMA is 1.3568 and the 200 DMA is 1.3234. RSI (14) 68.78. Supports are ascending from 1.3490, 1.3509, 1.3521, 1.3555, 1.3602, 1.3616 and 1.3627. Spot is 1.3565 and resistances are 1.3646 and 1.3688.
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