Wednesday, July 21, 2010

EUR/USD, consolidating around 1.2900 during Asian Trade


Forex Special (Barcelona) - Euro retreat from fresh 2-month high at 1.3025 reached on Tuesday, found support at 1.2840 on early US session, and the pair bounced up again, to consolidate within a narrow range around 1.2900 during Wednesday's Asian session.

Immediate support lies at 1.2875 (session low), and below here, 1.2840 (Jul 20 low) and 1.2800/10. On the upside, resistance levels lie at 1.2920 (intra-day level), and above here, 1.2960/70 and 1.3000/10 (Jul 16/19 highs).

EUR/GBP upside trend was capped yesterday at 0.8530, shaping a double top at Monday's high, and the pair pulled back to reach 0.8425 (Jul 19 low), which is being tested at the moment. Next support levels are 0.8370 and 0.8340. Re4sistance levels lie at 0.8485 and 0.8530.

EUR/USD (Jul 21 at 07:45 GMT)

1.2889/91 (0.08%)

H 1.29145 L 1.28675

S3S2S1R1R2R3
1.28151.28471.28801.28881.29201.2952
[?]Trend Index[?]OB/OS Index
Slightly BearishNeutral
Data updated on Jul 21 at 07:15 (15-minute timeframe)


[ View EUR/USD Technical Studies ]

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