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Forex pairs in this Article » EUR/USD (Barcelona) - Volatility in EURUSD measured in its daily average range is slowing down again, last around the 100 pips per day, its long term average, coming from multi-year lows by end of December, with the pair trading last at 1.3308, about unchanged since the week started. EURUSD is moving most of the time in thin ranges during hours, for then spiking wildly both sides in no time, ending around same level till now so far.

For Valeria Bednarik, Chief Analyst at, EURUSD is "slowly turning bearish," she says, adding: "While technical readings remain neutral, the pair looks heavier as time goes by: lower highs daily basis are limiting the upside now with a short term descendant trend line currently around 1.3350. While the level should limit the upside, is still required a break below 1.3250/60 to confirm further falls up to 1.3180 price zone," she concludes.

Valeria sees support levels at: 1.3290, 1.3250 and 1.3220, while resistance levels at: 1.3330, 1.3350 and 1.3375.
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