EUR/USD still capped below 1.3150

FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is last trading near fresh session highs at 1.3158, helped on broad USD weakness, printing a 3-day high at 1.3161.

EUR/USD slightly bullish in short time frames

According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The hourly chart shows a slightly bullish tone, as price stands above a rising 20 SMA and momentum aims higher from its midline; in the 4 hours chart technical readings are flat, as the lack of volume is notable all over the sessions these days. A break above 1.3150 should favor a retest of the 1.3205 price zone, while buyers remain aligned around 1.3030/50 price zone.”

EUR/USD key technical levels

Bednarik finds support levels at: 1.3115, 1.3080 and 1.3050, while resistance levels at: 1.3150, 1.3190 and 1.3210.