11 Nov 2013
EUR/USD breaks through 1.34 resistance
FXstreet.com (Chicago) - EUR/USD managed to ascend gradually until breaking the 1.34 resistance to now attempt consolidation above the 1.34 zone ahead of Wall Street’s closing.
EUR/USD Technical Levels
Technically speaking, 4HR hours evidence the consolidation of a reversal after last Friday’s plunge on NFP data. Offered at 1.3409, the pair oscillates between the supports aligned at 1.34 (August 27th highs), 1.3324 (September 19th lows) ahead of 1.3253 (September 13th lows) and the resistances set at 1.3476 (October 16th lows), 1.3570 (September 18th highs) followed by 1.3647 (October 22nd lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and flows above the EMA20.
EUR/USD Technical Levels
Technically speaking, 4HR hours evidence the consolidation of a reversal after last Friday’s plunge on NFP data. Offered at 1.3409, the pair oscillates between the supports aligned at 1.34 (August 27th highs), 1.3324 (September 19th lows) ahead of 1.3253 (September 13th lows) and the resistances set at 1.3476 (October 16th lows), 1.3570 (September 18th highs) followed by 1.3647 (October 22nd lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and flows above the EMA20.