FXStreet (Córdoba) - The EUR/USD came under pressure and broke its past session’s and fell to the 1.3400 area in anticipation to the release of German and Eurozone services PMI.



The decline was tempered as data came in mixed, with the German PMI slightly above expectations, 56.7 vs 56.6, while for the Eurozone as a whole readings were slightly below forecast, 54.2 vs 54.4.



The EUR/USD tested the 1.3400 mark and scored a 4-day low before quickly bouncing to the 1.3410 area, where it is trading, still 0.07% below its opening price.



EUR/USD technical levels



In terms of technical levels, the EUR/USD could find next supports at 1.3400 (psychological level), 1.3378 (Aug 1 low) and 1.3366 (Jul 30 low). On the other hand, resistances are seen at 1.3425 (10-day SMA), 1.3444 (Aug 1 high) y 1.3475 (Jul 25 high).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Greek optimism hitting brick wall - BBH

  2. Forex News

    EUR/USD re-focused on 1.1000

  3. Forex News

    Key take away fundamentals for US ad EZ - BNP

  4. Forex News

    EUR/USD drops further on Yellen

  5. Forex News

    USDOLLAR Rebound Vulnerable to 1Q GDP Contraction

Trading Center