22 Jul 2013
EUR/USD holding gains above 1.3150
FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is last trading at 1.3152, off session highs at 1.3170, ahead of Ecofin meetings starting today in Brussels.
EUR/JPY could remain in narrow range
“The summer doldrums now appear to be well upon us and the ranges could remain narrow for the next few weeks and technically little has changed and from Friday,” said FX Charts analyst Jim Langlands, adding: “This could well continue in coming days as the Euro consolidates below Thursday peak at 1.3177, which in turn lies ahead of last week’s top at 1.3205. A break of this would lead to further gains towards 1.3255 (76.4%) and beyond this, there is downtrend resistance now at around 1.3355, which in turn comes ahead of the 1.3415, 19 June high.
EUR/USD key technical levels
Immediate resistance to the upside for EUR/USD shows at Friday's highs 1.3156, followed by Tuesday/Wednesday's/recent session highs at 1.3170/80, and June 07 lows at 1.3189. To the downside, closest support lies at July 11 NY session highs 1.3124, followed by Wednesday's lows at 1.3081, and Thursday's lows at 1.3064.
EUR/JPY could remain in narrow range
“The summer doldrums now appear to be well upon us and the ranges could remain narrow for the next few weeks and technically little has changed and from Friday,” said FX Charts analyst Jim Langlands, adding: “This could well continue in coming days as the Euro consolidates below Thursday peak at 1.3177, which in turn lies ahead of last week’s top at 1.3205. A break of this would lead to further gains towards 1.3255 (76.4%) and beyond this, there is downtrend resistance now at around 1.3355, which in turn comes ahead of the 1.3415, 19 June high.
EUR/USD key technical levels
Immediate resistance to the upside for EUR/USD shows at Friday's highs 1.3156, followed by Tuesday/Wednesday's/recent session highs at 1.3170/80, and June 07 lows at 1.3189. To the downside, closest support lies at July 11 NY session highs 1.3124, followed by Wednesday's lows at 1.3081, and Thursday's lows at 1.3064.