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Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - The single currency can't generate any traction on Tuesday, as the selling pressure surrounding the euro is hampering any attempt of recovery.

"Prices edged higher as expected after putting in a Hammer candlestick above rising trend line support set from late July. Initial resistance remains at 1.3150, marked by the 23.6% Fibonacci expansion. A break above that aims for the 38.2% level at 1.3244. Alternatively, a drop through the trend line (now at 1.3001) aims for the December 7 low at 1.2875", assesses I.Spivak, Currency Strategist at DailyFX.

The cross is now down 0.38% at 1.3068
Next support levels align at 1.3018 (low Jan.7) ahead of 1.2998 (low Jan.4) and 1.2996 (low Dec.12).
On the other hand, resistance levels are located at 1.3149 (Tenkan Sen line) followed by 1.3159 (MA21d) and 1.3190 (high Jan.3).
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