8 Aug 2013
EUR/USD resting below fresh 7-week highs at 1.3350
FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is last trading at 1.3342 near session and fresh 7-week highs a couple of pips above, little changed through out the Asian session, ahead of German trade balance at 06:00 GMT.
EUR/USD further advances supported
The EUR/USD managed to test past week high, reaching an intraday high in a still painfully slow advance, underperforming other currencies,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The hourly chart shows price consolidating near the high, as indicators retrace some form overbought territory, while in the 4 hours chart upward momentum builds up, supporting further advances towards next strong resistance, 1.3415, past June high.”
EUR/USD key technical levels
Bednarik locates support levels at: 1.3310, 1.3280 and 1.3250; while resistance levels at: 1.3340, 1.3385 and 1.3410.
EUR/USD further advances supported
The EUR/USD managed to test past week high, reaching an intraday high in a still painfully slow advance, underperforming other currencies,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The hourly chart shows price consolidating near the high, as indicators retrace some form overbought territory, while in the 4 hours chart upward momentum builds up, supporting further advances towards next strong resistance, 1.3415, past June high.”
EUR/USD key technical levels
Bednarik locates support levels at: 1.3310, 1.3280 and 1.3250; while resistance levels at: 1.3340, 1.3385 and 1.3410.