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17 Jul 2013
EUR/USD can't go any higher than 1.3175
FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is currently retracing to fresh session lows last at 1.3151, off late NY session weekly highs at 1.3175, ahead of later on FED Bernanke's testimony at 14:00 GMT.
EUR/USD looking for an extension towards 1.3200
Technically, the upside remains favored in the short term, with 20 SMA gaining bullish slope below current price and indicators hold in positive territory in the hourly chart,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The upward momentum is even stronger in the 4 hours chart, supporting an extension towards 1.3205, past week high.”
EUR/USD key technical levels
Bednarik spots support levels at: 1.3140, 1.3100 and 1.3050, while resistance levels at: 1.3185, 1.3210 and 1.3260.
EUR/USD looking for an extension towards 1.3200
Technically, the upside remains favored in the short term, with 20 SMA gaining bullish slope below current price and indicators hold in positive territory in the hourly chart,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The upward momentum is even stronger in the 4 hours chart, supporting an extension towards 1.3205, past week high.”
EUR/USD key technical levels
Bednarik spots support levels at: 1.3140, 1.3100 and 1.3050, while resistance levels at: 1.3185, 1.3210 and 1.3260.