Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - The euro weakened and pulled back from session highs ahead of the NY opening, after French President Hollande called for medium-term EUR exchange targets. Also weighing on the EURUSD is EURCHF which sank in the wake of SNB's Zurbruegg saying negative rates 'not on the cards'.

EURUSD retreated from highs around 1.3565/70 back to the 1.3510 zone within the last hours, but the 20-hour SMA helped to contain the downside. At time of writing, EURUSD is trading at the 1.3525 area, still up 0.1% on the day.

As for technical levels, on the downside immediate supports could be found at 1.3500 (psychological level), 1.3460 (23.6% retracement of 1.2660/1.3710 rally/intraday low) and 1.3415 (low Jan 29). On the upside, resistances are seen at 1.3580/1.3600 (20 SMA in 4-hour chart/psychological level), 1.3660 (high Feb 4) and 1.3700/10.
comments powered by Disqus