25 Jun 2014
EUR/USD gives up intraday gains
FXStreet (Córdoba) - The EUR/USD is giving up the modest gains accomplished earlier on the day, pulling back to opening levels weighed by a negative open in European markets.
With mild risk aversion passing on the European session the EUR/USD came under pressure and retreated from a daily high of 1.3618 back to the 1.3605 area, where it is trading, virtually unchanged on the day.
With the calendar clear in Europe, attention now turns to US releases, including GDP revision, durable goods orders and services PMI. However, the EUR/USD has proven very resilient to economic data lately as the pair moves at the rhythm of central banks.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could face next resistances at 1.3627 (Jun 24 high), 1.3633 (Jun 20 high) and 1.3643 (Jun 19 high). On the flip side, supports are seen at 1.3582 (Jun 24 low), 1.3573 (Jun 23 low/10-day SMA) and 1.3563 (Jun 20 low).
With mild risk aversion passing on the European session the EUR/USD came under pressure and retreated from a daily high of 1.3618 back to the 1.3605 area, where it is trading, virtually unchanged on the day.
With the calendar clear in Europe, attention now turns to US releases, including GDP revision, durable goods orders and services PMI. However, the EUR/USD has proven very resilient to economic data lately as the pair moves at the rhythm of central banks.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could face next resistances at 1.3627 (Jun 24 high), 1.3633 (Jun 20 high) and 1.3643 (Jun 19 high). On the flip side, supports are seen at 1.3582 (Jun 24 low), 1.3573 (Jun 23 low/10-day SMA) and 1.3563 (Jun 20 low).