FXStreet (Córdoba) - The EUR/USD picked up momentum during the European session and resumed the upside in another attempt to break decisively above the 1.3400 level.



Even though the EUR/USD has reached daily highs above 1.3400 over the last days, it has been consistently unable to hold above that mark. Following a phase of consolidation and without a clear catalyst the EUR/USD spiked to a daily high of 1.3391, helped by broad European equities gains and Russian President Vladimir Putin's conciliatory remarks boosting sentiment.



At time of writing, the EUR/USD is trading at 1.3382, recording a 0.13% gain Friday. The pair however, is on track to close the week with losses, for fifth time in a row.



EUR/USD technical levels



On the upside, next resistances levels could be found at 1.3415 (Aug 13 high), 1.3432 (Aug 8 high) and 1.3444 (Aug 1 high). On the other hand, supports are seen at 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

    Video: Euro Trades Curbed by Greece, US Payrolls Setups Complicated

  2. Forex News

    EUR/USD Technical Analysis: Sellers Aim Below 1.10 Figure

  3. Forex News

    Video: Will the Market Move on NFPs with Liquidity, Greece Hanging Over It?

  4. Forex News

    Key Levels to Know on USD Majors Heading into NFPs and July Trade

  5. Forex News

    EUR/USD falls below 1.1050; What's next?

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!