23 Aug 2013
EUR/USD rejected from 1.3370
FXstreet.com (Córdoba) - The EUR/USD has remained relatively stable Friday just above the 1.3330 level despite upbeat German GDP data.
EUR/USD loses momentum
The EUR/USD managed to climb to a daily high of 1.3370 during the European session, but the pair lacked momentum to break above that level and pulled back slightly. At time of writing, EUR/USD is trading at the 1.3350/55 zone, virtually unchanged on the day as investors await the next string of economic data, which includes EMU consumer confidence and US new home sales.
EUR/USD technical levels
In terms of technical levels, immediate resistances for EUR/USD are seen at 1.3370 (daily high), 1.3400 (psychological level) and 1.3426 (Aug 21 high). On the flip side, supports are seen at 1.3330 (10-day SMA) and the 1.3297/1.3300 area (Aug 22 low/psychological level).
EUR/USD loses momentum
The EUR/USD managed to climb to a daily high of 1.3370 during the European session, but the pair lacked momentum to break above that level and pulled back slightly. At time of writing, EUR/USD is trading at the 1.3350/55 zone, virtually unchanged on the day as investors await the next string of economic data, which includes EMU consumer confidence and US new home sales.
EUR/USD technical levels
In terms of technical levels, immediate resistances for EUR/USD are seen at 1.3370 (daily high), 1.3400 (psychological level) and 1.3426 (Aug 21 high). On the flip side, supports are seen at 1.3330 (10-day SMA) and the 1.3297/1.3300 area (Aug 22 low/psychological level).