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18 Jul 2013
EUR/USD undecided still above 1.3100
FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is currently quoted at 1.3124 off recent session lows at 1.3105, slightly lower from previous Asia-Pacific open yesterday, amid a very choppy trading day following FED Bernanke's testimony.
EUR/USD maintains neutral stance
“The EUR/USD went back and forth with Bernanke’s testimony, and regardless the fact that nothing new was actually add to what we already know, the dollar managed to end the day with partial gains against its European rivals,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The slightly positive tone persists in the 4 hours chart, as price stands above 20 SMA and indicators in positive territory, although turning lower: daily low of 1.3082 will come as first support for the pair ahead of 1.3050 comfort zone.”
EUR/USD key technical levels
Bednarik spots support levels at: 1.3180, 1.3050 and 1.3010, while resistance levels at: 1.3140, 1.3180 and 1.3210.
EUR/USD maintains neutral stance
“The EUR/USD went back and forth with Bernanke’s testimony, and regardless the fact that nothing new was actually add to what we already know, the dollar managed to end the day with partial gains against its European rivals,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The slightly positive tone persists in the 4 hours chart, as price stands above 20 SMA and indicators in positive territory, although turning lower: daily low of 1.3082 will come as first support for the pair ahead of 1.3050 comfort zone.”
EUR/USD key technical levels
Bednarik spots support levels at: 1.3180, 1.3050 and 1.3010, while resistance levels at: 1.3140, 1.3180 and 1.3210.