EUR/USD, back to “no gains session” zone at 1.3520

FXstreet.com (Chicago) - EUR/USD fell back to 1.3520 zone after reaching 1.3552 highs on roundtrip. Falling to 1.3524 lows, the pair seems to find support ahead of manufacturing data in the Euro-zone post Merkel’s federal election victory.

Price action reveals a roundtrip to session highs back to initial zone. Maintaining 8-month highs, sideways movement is reported respecting the upward trendline since last July 17th. Offered at 1.3526, the pair navigates between supports aligned at 1.3509 (September 19th lows), 1.3477 (February 20th highs) ahead of 1.3413 (August 24th highs) and resistances set at 1.3533 (September 28th highs), 1.3567 (February 7th highs) followed by 1.36 (key psychological resistance).