29 Jul 2013
EUR/USD moves off lows
FXstreet.com (Córdoba) - After failing to break above the 1.3400 mark, the EUR/USD came under pressure and dropped to a 4-day low as sentiment deteriorated.
EUR/USD contained by 100-hour SMA
EUR/USD fell as low as 1.3239 before finding support at the 100-hour SMA and bouncing slightly. However, with the subsequent recovery capped by the 1.3270 zone, the EUR/USD was confined to a consolidation phase.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3260 area, still 0.2% below its opening price. In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees immediate resistances at 1.3295, 1.3330 and 1.3365, while she places supports at 1.3250, 1.3210 and 1.3170.
EUR/USD contained by 100-hour SMA
EUR/USD fell as low as 1.3239 before finding support at the 100-hour SMA and bouncing slightly. However, with the subsequent recovery capped by the 1.3270 zone, the EUR/USD was confined to a consolidation phase.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3260 area, still 0.2% below its opening price. In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees immediate resistances at 1.3295, 1.3330 and 1.3365, while she places supports at 1.3250, 1.3210 and 1.3170.