by Wed, 14 Apr 2010 16:10:00 +0200
Forex: EUR/USD trading sideways between 1.3600 and 1.3650/60
FXstreet.com (Barcelona) - The Euro bounced yesterday at 1.3545 session low, and appreciated on Asian session supported by increased risk appetite, although capped at 1.3665, the pair has remained trading between 1.3600 support and 1.3645/50.
The Euro looks still slightly bullish on hourly charts, according to Valeria Bednarik, collaborator at FXstreet.com, while it has lost momentum on wider studies: "Bigger time frames show pair however has lost momentum, and indicators are heading lower; however, pair has quite a support zone around 1.3550/60, so only under this last we could see a bearish rally today."
Resistance levels, according to Bednarik, lie at 1.3640, 1.3680 and 1.3710. On the downside, support levels lie at 1.3555, 1.3530 and 1.3500.
| Technical Analysis (2010-04-14 13:53 GMT) | |
|---|---|
EUR/USD 1.3615/1.3615 - O: 1.3623 H: 1.363 L: 1.3609 C: 1.3615 | |
| Trend | R3: 1.3695 |
 | R2: 1.3661 |
| R1: 1.3627 | |
| S1: 1.3546 | |
| S2: 1.3580 | |
| S3: 1.3614 | |
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