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20 Dec 2013
EUR/USD flirting with 1.3656 limits
FXstreet.com (Chicago) - EUR/USD had fallen below the immediate support, now resistance, earlier today but seemed to find grounds around 1.3625 10-day lows ahead of US GDP data and consumer confidence results in Europe.
EUR/USD Technical Levels
Price action reveals the pair breaks below the immediate support and stays under it ahead of GDP data in the US. Technically speaking, the pair is offered at 1.3646 and oscillates between the supports aligned at 1.3577 (November 30th lows), 1.3515 (December 3rd lows) ahead of 1.34 (November 21st lows) and the resistances set at 1.3656 (December 7th lows), 1.37 (December 13th lows) followed by 1.3796 (December 16th highs). With a neutral EMA20, the pair is reported as slightly bullish on one-hour timeframe analysis by the FXstreet.com trend index.
EUR/USD Technical Levels
Price action reveals the pair breaks below the immediate support and stays under it ahead of GDP data in the US. Technically speaking, the pair is offered at 1.3646 and oscillates between the supports aligned at 1.3577 (November 30th lows), 1.3515 (December 3rd lows) ahead of 1.34 (November 21st lows) and the resistances set at 1.3656 (December 7th lows), 1.37 (December 13th lows) followed by 1.3796 (December 16th highs). With a neutral EMA20, the pair is reported as slightly bullish on one-hour timeframe analysis by the FXstreet.com trend index.