Back
16 Dec 2013
EUR/USD back to mid-range
FXstreet.com (Córdoba) - The EUR/USD has retraced half of today's gains, although the 1.3750 area has contained the correction over the American session.
The EUR/USD turned lower after hitting a daily high of 1.3798, trimming daily gains. The EUR/USD seems unable to break out its recent range as investors remain sidelined of the Fed decision Thursday. At time of writing, the EUR/USD is trading at the 1.3755 region, still up 0.2% on the day.
EUR/USD technical levels
In terms of technical levels, if the EUR/USD breaks decisively below 1.3750 (intraday level), next supports are seen at 1.3727 (daily low), 1.3710 (10-day SMA) and 1.3693 (Dec 9 low). On the upside, immediate resistances could be found at 1.3800 (psychological level), 1.3811 (Dec 11 high) and 1.3732 (2013 high Oct 25).
The EUR/USD turned lower after hitting a daily high of 1.3798, trimming daily gains. The EUR/USD seems unable to break out its recent range as investors remain sidelined of the Fed decision Thursday. At time of writing, the EUR/USD is trading at the 1.3755 region, still up 0.2% on the day.
EUR/USD technical levels
In terms of technical levels, if the EUR/USD breaks decisively below 1.3750 (intraday level), next supports are seen at 1.3727 (daily low), 1.3710 (10-day SMA) and 1.3693 (Dec 9 low). On the upside, immediate resistances could be found at 1.3800 (psychological level), 1.3811 (Dec 11 high) and 1.3732 (2013 high Oct 25).