1 Aug 2013
EUR/USD flat for the week inside a 150 pip range
FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is last trading at fresh session lows 1.3279, about flat for the week so far, off recent late NY session and fresh 6-week highs at 1.3345, following latest FOMC.
EUR/USD supporting an upward continuation
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The EUR/USD hourly chart shows indicators slightly exhausted to the upside but still in positive territory. The 4 hours chart shows price accelerating above 20 SMA while indicators head north above their midlines, supporting an upward continuation on the pair. Movements however may remain limited ahead of ECB tomorrow in the European morning.”
EUR/USD key technical levels
Bednarik locates support levels at: 1.3310, 1.3250 and 1.3210; while resistance levels at: 1.3345, 1.3380 and 1.3420.
EUR/USD supporting an upward continuation
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The EUR/USD hourly chart shows indicators slightly exhausted to the upside but still in positive territory. The 4 hours chart shows price accelerating above 20 SMA while indicators head north above their midlines, supporting an upward continuation on the pair. Movements however may remain limited ahead of ECB tomorrow in the European morning.”
EUR/USD key technical levels
Bednarik locates support levels at: 1.3310, 1.3250 and 1.3210; while resistance levels at: 1.3345, 1.3380 and 1.3420.