23 Jul 2013
EUR/USD consolidates above 1.3200
FXstreet.com (Córdoba) - The EUR/USD entered in a consolidation phase during the American session after the latest rally found resistance at the 1.3230 zone.
EUR/USD loses momentum after hitting 5-week high
EUR/USD peaked at 1.3229, its highest since June 21, but lacked momentum to overcome that level and settled in a slim range just below. At time of writing, EUR/USD is trading at the 1.3215 region, where it records a 0.2% gain on Tuesday, having recovered from a daily low of 1.3162.
EUR/USD technical levels
In terms of technical levels, if EUR/USD breaks decisively above 1.3230 immediate resistances are seen at 1.3255 (Jun 21 high) and 1.3300 (psychological level). On the other hand, supports could be found at 1.3162 (daily low) and 1.3115 (Jul 22 low).
EUR/USD loses momentum after hitting 5-week high
EUR/USD peaked at 1.3229, its highest since June 21, but lacked momentum to overcome that level and settled in a slim range just below. At time of writing, EUR/USD is trading at the 1.3215 region, where it records a 0.2% gain on Tuesday, having recovered from a daily low of 1.3162.
EUR/USD technical levels
In terms of technical levels, if EUR/USD breaks decisively above 1.3230 immediate resistances are seen at 1.3255 (Jun 21 high) and 1.3300 (psychological level). On the other hand, supports could be found at 1.3162 (daily low) and 1.3115 (Jul 22 low).