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8 Oct 2013
EUR/USD capped by 100-hour SMA
FXstreet.com (Córdoba) - The EUR/USD pushed a tad higher and printed fresh highs for the day but the pair found resistance at the 100-hour SMA.
The EUR/USD advanced a few pips and scored a fresh daily high of 1.3586, but lacked momentum to stage a steeper rally. At time of writing, the pair is trading around 1.3580, virtually unchanged on the day, having spent the last sessions sideways between 1.3540 and 1.3590 as investors await progress in Washington.
EUR/USD supports and resistances
In terms of technical levels, EUR/USD could find immediate resistances at 1.3600 (psychological level) and 1.3630 (Oct 4 high) ahead of 1.3645 (Oct 3 high). On the other hand, supports are seen at 1.3550 (10-day SMA), 1.3538 (Oct 4 low) and 1.3500 (psychological level).
The EUR/USD advanced a few pips and scored a fresh daily high of 1.3586, but lacked momentum to stage a steeper rally. At time of writing, the pair is trading around 1.3580, virtually unchanged on the day, having spent the last sessions sideways between 1.3540 and 1.3590 as investors await progress in Washington.
EUR/USD supports and resistances
In terms of technical levels, EUR/USD could find immediate resistances at 1.3600 (psychological level) and 1.3630 (Oct 4 high) ahead of 1.3645 (Oct 3 high). On the other hand, supports are seen at 1.3550 (10-day SMA), 1.3538 (Oct 4 low) and 1.3500 (psychological level).