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Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - After printing a fresh 6-week high during the European session, the EUR/USD entered in a consolidative phase, with the negative German IP figures going virtually unnoticed.

The EUR/USD broke above the 1.3700 mark Monday and climbed to its highest level since Oct 31 at 1.3728 during the European session. However, the pair lost momentum to extend gains and pulled back slightly, although it has managed to hold above the psychological level, now turned into support.

EUR/USD technical levels


At time of writing, the EUR/USD is trading at the 1.3720 zone, recording a 0.1% daily gain, its fifth in a row. As for technical levels, immediate resistances line up at 1.3728 (daily high) and 1.3739 (Oct 31 high) ahead of 1.3785 (Oct 30 high). On the downside, supports are seen at 1.3700 (psychological level) and 1.3615 (10-day SMA).
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