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21 Apr 2015
EUR/USD back to square one
FXStreet (Córdoba) - EUR/USD is back to square one after after seesawing in a 120-pip range throughout the day, unable to determine a short-term direction.
EUR/USD bottomed out at 1.0659 during the European session, weighed by lingering concerns about Greek debt and mixed German ZEW data, but it managed to stage a strong comeback that was capped by 1.0781 during the American afternoon. At time of writing, EUR/USD is trading at 1.0735, virtually unchanged since opening.
EUR/USD technical levels
As for technical levels, on the upside immediate resistances are seen at 1.0781 (daily high), 1.0800 (psychological level) and 1.0821 (Apr 20 high). On the other hand, supports could be found at 1.0698 (10-day SMA), 1.0659 (daily low) and 1.0645 (61.8% Fibo of 1.0520-1.0848).
EUR/USD bottomed out at 1.0659 during the European session, weighed by lingering concerns about Greek debt and mixed German ZEW data, but it managed to stage a strong comeback that was capped by 1.0781 during the American afternoon. At time of writing, EUR/USD is trading at 1.0735, virtually unchanged since opening.
EUR/USD technical levels
As for technical levels, on the upside immediate resistances are seen at 1.0781 (daily high), 1.0800 (psychological level) and 1.0821 (Apr 20 high). On the other hand, supports could be found at 1.0698 (10-day SMA), 1.0659 (daily low) and 1.0645 (61.8% Fibo of 1.0520-1.0848).