Back
28 Nov 2013
EUR/USD dips below 1.36 regains it
FXstreet.com (Chicago) - EUR/USD struggles to maintain the 1.36 zone in the afternoon of the American trading session.
EUR/USD Technical Levels
Price action reveals the pair extends trading range in the afternoon of the American trading session with markets closed on Thanksgiving Day. Technically speaking, the upward trendline remains intact and the pair manages to sustain early week gains despite giving in the 1.36 zone. Offered at 1.3599, the pair oscillates between the supports aligned at 1.3578 (November 19th highs), 1.3558 (November 24th highs) ahead of 1.3513 (November 14th highs) and the resistances set at 1.3612 (November 27th highs), 1.3630 (October 4th highs) followed by 1.3648 (September 29th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.
EUR/USD Technical Levels
Price action reveals the pair extends trading range in the afternoon of the American trading session with markets closed on Thanksgiving Day. Technically speaking, the upward trendline remains intact and the pair manages to sustain early week gains despite giving in the 1.36 zone. Offered at 1.3599, the pair oscillates between the supports aligned at 1.3578 (November 19th highs), 1.3558 (November 24th highs) ahead of 1.3513 (November 14th highs) and the resistances set at 1.3612 (November 27th highs), 1.3630 (October 4th highs) followed by 1.3648 (September 29th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.