Forex: EUR/USD consolidates at highs
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - After rallying to a fresh 13-month peak of 1.3495, the euro lost momentum and settled in a narrow range versus the greenback, where it has spent the last hours consolidating recent gains.
EURUSD lacked momentum to surpass the 1.3500 handle but holds the positive bias, trading near daily highs. At time of writing, EURUSD is quoting around 1.3485, where it records a 0.2% gain on the day, having been as low as 1.3414.
As for technical levels, immediate resistances are seen at 1.3495/1.3500 (daily high/psychological level), 1.3530 and then 1.3550 (high Dec 2 2011). On downside, supports could be found at 1.3415 (intraday lows), 1.3370 (10-day MA) and 1.3350 (low Jan 25).
EURUSD lacked momentum to surpass the 1.3500 handle but holds the positive bias, trading near daily highs. At time of writing, EURUSD is quoting around 1.3485, where it records a 0.2% gain on the day, having been as low as 1.3414.
As for technical levels, immediate resistances are seen at 1.3495/1.3500 (daily high/psychological level), 1.3530 and then 1.3550 (high Dec 2 2011). On downside, supports could be found at 1.3415 (intraday lows), 1.3370 (10-day MA) and 1.3350 (low Jan 25).
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