28 Oct 2013
EUR/USD steady around 1.3800
FXstreet.com (Córdoba) - The EUR/USD was little changed Monday ahead of a week dominated by Fed's policy meeting and a batch of key US data.
EUR/USD capped by Fibo level
The EUR/USD started the week on a quiet note just above 1.3800 after peaking at key Fibonacci resistance at 1.3832 (61.8% of the1.4939/1.2041 move) on Friday. Unable to pick up fresh momentum and in the absence of economic events, the pair has spent most of the day in a slim range within 1.3795/1.3817, and it is currently trading at 1.3808, virtually unchanged since opening.
EUR/USD technical levels
In terms of technical levels, immediate resistances for EUR/USD are seen at 1.3832 (Oct 25 high/Fibo level) and 1.3858 (Nov 9 2011 high) and 1.3870 (Nov 1 2011 high). On the other hand, supports are could be found at 1.3795 (daily low) and 1.3774 (Oct 25 low).
EUR/USD capped by Fibo level
The EUR/USD started the week on a quiet note just above 1.3800 after peaking at key Fibonacci resistance at 1.3832 (61.8% of the1.4939/1.2041 move) on Friday. Unable to pick up fresh momentum and in the absence of economic events, the pair has spent most of the day in a slim range within 1.3795/1.3817, and it is currently trading at 1.3808, virtually unchanged since opening.
EUR/USD technical levels
In terms of technical levels, immediate resistances for EUR/USD are seen at 1.3832 (Oct 25 high/Fibo level) and 1.3858 (Nov 9 2011 high) and 1.3870 (Nov 1 2011 high). On the other hand, supports are could be found at 1.3795 (daily low) and 1.3774 (Oct 25 low).