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21 Oct 2013
EUR/USD moves off lows
FXstreet.com (Córdoba) - The EUR/USD remained little changed at the 1.3660/75 area after data showed US existing home sales fell less than expected in September.
EUR/USD entered a corrective stage after being rejected from the 1.3700 resistance zone Friday and dropped to as low as 1.3650 at the beginning of the New York session, as the greenback recovers ground across the board. However, the pair managed to bounce slightly and it was last at the 1.3670 area, recording a 0.1% loss on the day.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find immediate supports at 1.3650 (daily low) and 1.3600 psychological level) ahead of 1.3575 (10-day SMA). On the upside, immediate and major resistance stands at 1.3710 (2013 high) followed by 1.3800 (psychological level).
EUR/USD entered a corrective stage after being rejected from the 1.3700 resistance zone Friday and dropped to as low as 1.3650 at the beginning of the New York session, as the greenback recovers ground across the board. However, the pair managed to bounce slightly and it was last at the 1.3670 area, recording a 0.1% loss on the day.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find immediate supports at 1.3650 (daily low) and 1.3600 psychological level) ahead of 1.3575 (10-day SMA). On the upside, immediate and major resistance stands at 1.3710 (2013 high) followed by 1.3800 (psychological level).