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18 Jul 2013
EUR/USD keeps support at 1.31 for now
FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is currently trading at 1.311 off recent session lows at 1.3106, printed on the back of a broad USD move slightly higher in the Asia-Pacific, ahead of later one second part of FED Bernanke's testimony at 14:00 GMT.
EUR/USD probably choppy for next several days
As noted by FX Charts analyst Jim Langlands, “I think we should look for more of the same today and for the time being it may be wise to use 1.3085/1.3175 as a guide. The short term charts do hint mildly lower but the dailies still retain some positive momentum, so all up a choppy session looks likely, probably for the next several days,” the analyst said.
EUR/USD key technical levels
Immediate support to the downside for EUR/USD lies at mentioned session lows 1.3105, followed by yesterday's lows at 1.3082, and Tuesday's lows at 1.3045. To the upside, closest resistance shows at July 11 highs 1.3124, followed by Tuesday's highs at 1.3175, and yesterday's weekly highs at 1.3181.
EUR/USD probably choppy for next several days
As noted by FX Charts analyst Jim Langlands, “I think we should look for more of the same today and for the time being it may be wise to use 1.3085/1.3175 as a guide. The short term charts do hint mildly lower but the dailies still retain some positive momentum, so all up a choppy session looks likely, probably for the next several days,” the analyst said.
EUR/USD key technical levels
Immediate support to the downside for EUR/USD lies at mentioned session lows 1.3105, followed by yesterday's lows at 1.3082, and Tuesday's lows at 1.3045. To the upside, closest resistance shows at July 11 highs 1.3124, followed by Tuesday's highs at 1.3175, and yesterday's weekly highs at 1.3181.