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14 Jun 2013
EUR/USD back below 1.3380 after a 100 pips dip
FXstreet.com (Barcelona) - EUR/USD is last at 1.3373, off session highs at 1.3379, almost completely recovered from early London fresh 3-month highs at 1.3390, before it plummeted more than 100 pips to daily lows at 1.3277.
As Valeria Bednarik, Chief Analyst at Fxstreet.com pointed out, the pair shows “a limited upward potential in the hourly chart, as indicators struggle around their midlines and price stands above a flat 20 SMA,” adding: “In the 4 hours chart however, there is a clearer upward potential surging from technical readings that supports an extension above 1.3400 for this Friday,” the analyst concludes.
Valeria finds support levels at: 1.3360, 1.3310 and 1.3270, while resistance levels at: 1.3400, 1.3440 and 1.3485.
As Valeria Bednarik, Chief Analyst at Fxstreet.com pointed out, the pair shows “a limited upward potential in the hourly chart, as indicators struggle around their midlines and price stands above a flat 20 SMA,” adding: “In the 4 hours chart however, there is a clearer upward potential surging from technical readings that supports an extension above 1.3400 for this Friday,” the analyst concludes.
Valeria finds support levels at: 1.3360, 1.3310 and 1.3270, while resistance levels at: 1.3400, 1.3440 and 1.3485.