18 Nov 2013
EUR/USD still firm above 1.35
FXstreet.com (Chicago) - EUR/USD retraced from 1.3542 session highs on data releases and now prints higher highs and lows after finding grounds below the 1.35 front.
Earlier in Europe, current account and trade balance data releases were made public. With mixed results and in the region and mixed results in the US, market participants continue pushing the pair above the 1.35.
EUR/USD Technical Levels
Technically speaking, the pair is offered at 1.3511 and oscillates between the supports aligned at 1.3476 (November 1 lows), 1.34 (November 13 lows) followed by 1.3324 (November 8 lows) and the resistances aligned at 135.70 (November 1 highs), 1.3647 (October 17 highs) ahead of 1.3836 (October 25 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and oscillates above the EMA20.
Earlier in Europe, current account and trade balance data releases were made public. With mixed results and in the region and mixed results in the US, market participants continue pushing the pair above the 1.35.
EUR/USD Technical Levels
Technically speaking, the pair is offered at 1.3511 and oscillates between the supports aligned at 1.3476 (November 1 lows), 1.34 (November 13 lows) followed by 1.3324 (November 8 lows) and the resistances aligned at 135.70 (November 1 highs), 1.3647 (October 17 highs) ahead of 1.3836 (October 25 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and oscillates above the EMA20.