FXStreet (Córdoba) - The EUR/USD is once testing the 1.3400 area in a choppy session where the pair has mainly wavered in a range, unable to define a clear direction.



Despite the latest string of US data had little impact on the pair, the EUR/USD managed to sneak a peek above the psychological level and scored a high of 1.3402. However, the pair has been unable to hold above 1.3400 for long so far this week, printing lower highs over the last 3 days. At time of writing, the EUR/USD is trading at 1.3398, 0.26% above its opening price.



On the data front, the NY Empire State manufacturing index fell to 14.7, versus a reading of 20.0 expected while PPI rose 0.1% in line with forecasts.



EUR/USD levels to watch



as for technical levels, immediate resistances could be found at 1.3415 (Aug 13 high), 1.3432 (Aug 8 high) and 1.3444 (Aug 1 high). On the flip side, supports are seen at 1.3358 (Aug 15 low), 1.3342 (Aug 13 low), 1.3332 (2014 low Aug 6) and 1.3300 (psychological level).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD eases to 1.1210 on data

  2. Forex News

    EUR/USD spikes to 1.1255 on EZ data, returns to 1.1235

  3. Forex News

    Greece in Focus as ECB Mulls Funding Access, Government Sells Bills

  4. Forex News

    EUR/USD losses might remain capped at 1.1190 – FXStreet

  5. Forex News

    EUR/USD testing highs near 1.1240

Trading Center