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16 Dec 2013
EUR/USD regaining momentum?
FXstreet.com (Chicago) - EUR/USD retraced from 1.3799 session highs at the closing of the European trading session extending a short-lived bearish channel that was broken after an impulse fueled by bulls aiming to retake the 1.3760 zone.
EUR/USD Technical Levels
Price action reveals the pair finds grounds around the 1.3750 zone after retracing from 1.3799 session highs earlier today. In the afternoon of the American trading session, the pair is offered at 1.3752 and navigates between the supports aligned at 1.3709 (December 13th lows), 1.3656 (October 23rd lows) ahead of 1.3577 (November 18th highs) and the resistances set at 1.3796 (session highs), 1.3834 (October 20th highs) ahead of 1.3914 (October 16th highs 2011). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates below the EMA20.
EUR/USD Technical Levels
Price action reveals the pair finds grounds around the 1.3750 zone after retracing from 1.3799 session highs earlier today. In the afternoon of the American trading session, the pair is offered at 1.3752 and navigates between the supports aligned at 1.3709 (December 13th lows), 1.3656 (October 23rd lows) ahead of 1.3577 (November 18th highs) and the resistances set at 1.3796 (session highs), 1.3834 (October 20th highs) ahead of 1.3914 (October 16th highs 2011). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates below the EMA20.