EUR/USD Consolidates Above 1.1300
The euro reached a fresh daily high against the US dollar during the
American session at 1.1331, the strongest level since last Wednesday.
Afterwards it pulled back modestly but remained above 1.1300.
On a quiet session, EUR/USD has
been able to erase all losses after falling on Asian hours to 1.1272.
During the last hours, it has been consolidating gains above 1.1300,
holding a bullish tone.
The pair is rising for the second day in a row as it continues to recover ground after falling last week to 1.1232.
EUR/USD technical levels
To
the downside, relevant support levels might be located at 1.1295 (Apr
14 high / American session low / 20-hour MA), 1.270/75 (daily low) and
1.1240/45 (Apr 15 low). On the opposite direction, resistance might be
seen at 1.1331 (daily high), 1.1365 ( Mar 30 high) and 1.1400
(psychological).
