31 Jul 2013
EUR/USD back to positive ground
FXstreet.com (Córdoba) - The EUR/USD staged and impressive comeback and erased completely its intraday losses after bottoming out at 1.3212 in the wake of strong US GDP.
EUR/USD managed to regain the lost ground and climbed to a session high of 1.3280 before losing momentum. At time of writing, EUR/USD is trading at the 1.3275 zone, still 0.1% above its opening price.
Consolidation expected ahead of FOMC
Following really choppy couple of sessions, the pair could now enjoy a phase of consolidation as investors await the FOMC decision at 18:00GMT.
EUR/USD technical levels
As for technical levels, immediate resistances could now be found at 1.3280 (hourly high) and 1.3300 (psychological level), while supports are seen at 1.3210 (daily lows) and 1.3190 ahead of 1.3165 (Jul 23 low).
EUR/USD managed to regain the lost ground and climbed to a session high of 1.3280 before losing momentum. At time of writing, EUR/USD is trading at the 1.3275 zone, still 0.1% above its opening price.
Consolidation expected ahead of FOMC
Following really choppy couple of sessions, the pair could now enjoy a phase of consolidation as investors await the FOMC decision at 18:00GMT.
EUR/USD technical levels
As for technical levels, immediate resistances could now be found at 1.3280 (hourly high) and 1.3300 (psychological level), while supports are seen at 1.3210 (daily lows) and 1.3190 ahead of 1.3165 (Jul 23 low).