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Forex pairs in this Article » EUR/USD (London) - EUR/USD has moved higher.

EUR/USD has moved higher since the open and is gaining around 30 pips in European markets on a day without any data releases until this afternoon. US data arrives in the form of Chicago Fed and Existing Homes Sales Change in the afternoon.

EUR/USD may struggle

EUR/USD has the intraday charts continuing to suggest that there is scope for a move towards the 1.3208 high (charted on the 11th July). However, next target that lies ahead is the 78.6% Fibonacci retracement at 1.3275 that could prove a touch not to crack. Buying opportunities may come in at 1.2985/40 support band before the pair might re-target the 1.2755/40 recent low and April low. Key resistances that are containing the downside are at 1.3373/1.3415, June high and 200d ma.
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