10 Dec 2013
EUR/USD's retracement test 1.3750
FXstreet.com (San Francisco) - After peaking to 6-week highs at 1.3795 in the American morning, the EUR/USD has been trading back to previous levels around the 1.3750 where the pair remains trading relatively calm.
Currently the EUR/USD is trading at 1.3765, 0.20% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the north while the MACD and the Stochastic is neutral.
According to FXstreet.com chief analyst Valeria Bednarik, "the upward tone prevails as the hourly chart shows 20 SMA grinding higher and offering dynamic support, currently around 1.3750."
EUR/USD levels
Below the 1.3750, the EUR/USD would face supports at 1.3740 and 1.3730. On the upside, resistances are 1.3775, 1.3800 area and 1.3830.
Currently the EUR/USD is trading at 1.3765, 0.20% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the north while the MACD and the Stochastic is neutral.
According to FXstreet.com chief analyst Valeria Bednarik, "the upward tone prevails as the hourly chart shows 20 SMA grinding higher and offering dynamic support, currently around 1.3750."
EUR/USD levels
Below the 1.3750, the EUR/USD would face supports at 1.3740 and 1.3730. On the upside, resistances are 1.3775, 1.3800 area and 1.3830.