19 Jul 2013
EUR/USD fails to sustain gains
FXstreet.com (Córdoba) - Having failed at the 1.3150 resistance area during the European session, EUR/USD lost momentum and gave up gains to trade nearly flat on the day.
EUR/USD consolidates above 1.3100
Despite a short-lived bounce in the wake of PBoC liberalizing measures, EUR/USD remained capped below 1.3140 and settled in a range where it has spent the last hours. At time of writing, EUR/USD is trading at the 1.3110 area, where it is virtually unchanged since opening. With the economic calendar clear for the rest of the day, EUR/USD could take cues from stocks for the rest of the session.
EUR/USD technical levels
As for technical levels, next resistance are seen at 1.3150 (daily high) and 1.3175 (Jul 18 high) while on the downside, loss of the 1.3090 zone (daily lows) would expose 1.3051 (Jul 16 low).
EUR/USD consolidates above 1.3100
Despite a short-lived bounce in the wake of PBoC liberalizing measures, EUR/USD remained capped below 1.3140 and settled in a range where it has spent the last hours. At time of writing, EUR/USD is trading at the 1.3110 area, where it is virtually unchanged since opening. With the economic calendar clear for the rest of the day, EUR/USD could take cues from stocks for the rest of the session.
EUR/USD technical levels
As for technical levels, next resistance are seen at 1.3150 (daily high) and 1.3175 (Jul 18 high) while on the downside, loss of the 1.3090 zone (daily lows) would expose 1.3051 (Jul 16 low).