12 Nov 2013
EUR/USD consolidates near daily highs
FXstreet.com (Córdoba) - After an over 90-pip rally, the EUR/USD found resistance and eased slightly from daily highs.
EUR/USD pullback contained by 100-hour SMA
Even though the euro began the European session on the back foot and fell to a low of 1.3358 weighed by Asmussen dovish comments, it managed to reverse losses and climbed back above 1.3400 toward a 5-day high of 1.3455. However, with the subsequent correction contained by the 100-hour SMA at 1.3420, the EUR/USD was confined to some consolidation.
EUR/USD levels to watch
At time of writing, the EUR/USD is trading at the 1.3445 area, up 0.3% on the day. As for technical levels, a break above 1.3455 would pave the way toward 1.3485 (10-day SMA) and 1.3500 (psychological level). On the other hand, supports could be found at 1.3350 (100-day SMA), 1.3316 (Nov 8 low) and 1.3295 (Nov 7 low).
EUR/USD pullback contained by 100-hour SMA
Even though the euro began the European session on the back foot and fell to a low of 1.3358 weighed by Asmussen dovish comments, it managed to reverse losses and climbed back above 1.3400 toward a 5-day high of 1.3455. However, with the subsequent correction contained by the 100-hour SMA at 1.3420, the EUR/USD was confined to some consolidation.
EUR/USD levels to watch
At time of writing, the EUR/USD is trading at the 1.3445 area, up 0.3% on the day. As for technical levels, a break above 1.3455 would pave the way toward 1.3485 (10-day SMA) and 1.3500 (psychological level). On the other hand, supports could be found at 1.3350 (100-day SMA), 1.3316 (Nov 8 low) and 1.3295 (Nov 7 low).