23 Dec 2013
EUR/USD consolidates below 1.3700
FXstreet.com (Córdoba) - The EUR/USD extends its consolidative pattern Monday amid thin markets during the last full trading day before the Christmas Holiday.
The EUR/USD edged higher and touched a high of 1.3694 during the Asian session but the pair failed to break above the 1.3700 mark as momentum was weak and it was confined to a slim range. The EUR/USD is currently trading at the 1.3675 zone, virtually unchanged on the day, having climbed off a 2-week low of 1.3624 on Friday.
EUR/USD technical levels
As for technical levels, the EUR/USD could find immediate supports at 1.3665 (daily low/21-day SMA), 1.3650 (Dec 19 low) and 1.3624 (Dec 20 low). On the upside, resistances could be faced at 1.3694 (daily high), 1.3708 (Dec 20 high) and 1.3725 (10-day SMA).
The EUR/USD edged higher and touched a high of 1.3694 during the Asian session but the pair failed to break above the 1.3700 mark as momentum was weak and it was confined to a slim range. The EUR/USD is currently trading at the 1.3675 zone, virtually unchanged on the day, having climbed off a 2-week low of 1.3624 on Friday.
EUR/USD technical levels
As for technical levels, the EUR/USD could find immediate supports at 1.3665 (daily low/21-day SMA), 1.3650 (Dec 19 low) and 1.3624 (Dec 20 low). On the upside, resistances could be faced at 1.3694 (daily high), 1.3708 (Dec 20 high) and 1.3725 (10-day SMA).