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Forex pairs in this Article » EUR/USD (Chicago) - EUR/USD regains the 1.37 front and is propelled for a consolidation above it ahead of American data to be published in the afternoon.

EUR/USD Technical Levels

Ahead of US data releases due in the afternoon (GMT time), price action reveals a steady climb after last week’s reversal that broke the bearish channel that was catalyzed shortly after the reaction of market participants on positive US GDP data and the greenback’s strengthening. Friday’s spike confirms the bullish sentiment that refuels the euro to new session highs at 1.3701. Offered at 1.3701, the pair attempts a consolidation above that zone and oscillates between the supports aligned at 1.3656 (December 18th lows), 1.3577 (November 18th highs) ahead of 1.3515 (December 4th lows) and the resistances set at 1.37 (October 20th highs), 1.3796 (December 15th highs) followed by 1.4019 (July 17th 2011 lows).
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