EUR/USD steadies but off highs

By FXstreet.com | July 14, 2014 AAA

FXStreet (Córdoba) - The EUR/USD has pulled back from daily highs and steadied in a slim range after its latest recovery attempt was capped by the 1.3640 zone.



The EUR/USD advanced to a 4-day high of 1.3639, underpinned by better sentiment a positive opening in European equity markets, but lacked follow-through to challenge the 1.3650 resistance area. The EUR/USD has spent the last hours in a range just below daily highs, trading presently at 1.3620.



Later on the day, ECB President Draghi will speak before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Strasbourg, France.

EUR/USD supports and resistances



In terms of technical levels, the EUR/USD could find next supports at 1.3588/7 (Jul 10 & 8 lows), 1.3575 (Jul 7 low) and 1.3565 (Jun 20 low), while resistances are seen at 1.3650 (Jul 10 high), 1.3675 (200-day SMA) and 1.3700 (psychological level).



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