FXStreet (Guatemala) - EUR/USD is trading at 1.3194, up 0.01% on the day, having posted a daily high at 1.3195 and low at 1.3192.



EUR/USD was building up to 1.32 on a weaker dollar while profits were being taken across the board. Technically, Valeria Bednarik, chief analyst at FXStreet explained that the short-term picture shows a mild positive tone, with price above a bullish 20 SMA in the hourly chart and indicators in positive territory, albeit showing no directional strength. “In the 4 hours chart and despite some spikes above it, price remains capped by its 20 SMA currently around 1.3195, as indicators corrected oversold readings but lost upward potential below their midlines. Above 1.3215, the pair may finally fill the weekly opening gap in the 1.3240 area, yet further gains remain subdue to inflation data to be released on Friday”.



EUR/USD support and resistance



Support levels: 1.3150 1.3120 1.3090



Resistance levels: 1.3215 1.3240 1.3280



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    FOMC: We think September - SG

  2. Forex News

    Dec more likely than September - Rabobank

  3. Forex News

    Global Economy, Central Banks Look for Further Improvement in GDP Data

  4. Forex News

    Fed hike moving into focus after FOMC - BBH

  5. Forex News

    EUR/USD hits fresh lows under 1.1000 after Fed statement

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!