Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - It is been close to 6 hours since EURUSD opened the week in early Asia-Pacific interbank markets and still is quoting as it was back then, last at 1.3179. Slightly below Friday's weekly close around 1.3188, and off session lows at 1.3163, market's are very quiet as previously expected, with mostly everywhere closed ahead of Christmas Eve, except Hong-Kong and Singapore, opened for half-day trading.

According to Valeria Bednarik, Chief Analyst at Fxstreet.com: "there is a slightly bearish tone in the EURUSD hourly chart, as price trades below 20 SMA while indicators head south below their midlines," the analyst says, "suggesting a ride towards the 1.3140 support area, 38.2% retracement of the latest daily run," Valeria adds. "In the 4 hours chart, technical readings are also heading lower, supporting the shorter term view. As long as below 1.3210 immediate resistance and 23.6% retracement of the same rally, the upside will remain limited," she concludes.

Valeria finds support levels at: 1.3140, 1.3100 and 1.3070, while resistance levels at: 1.3210, 1.3250 and 1.3290.
comments powered by Disqus