EUR/USD Remains Capped by 1.1330
EUR/USD remains capped by the 1.1330 area, unable to extend gains beyond that level despite several attempts over the last sessions.
EUR/USD has been seesawing around the 1.1300 level as market focus remains on the Federal Reserve monetary policy decision
to be announced at 18:00 GMT. However, the euro is holding onto modest
daily gains versus its American counterpart despite encouraging US data.
US
goods trade balance showed a 57B deficit versus the 62.5B deficit
expected in March, while pending home sales rose 1.4% in the same period
against expectations of a 0.5% increase.
EUR/USD technical levels
At
time of writing, the pair is trading at 1.1318, up 0.2% on the day. In
terms of technical levels, next resistances are seen at 1.1339 (Apr 26
high), 1.1394 (Apr 21 high) and 1.1464 (Apr 14 high). On the flip side,
immediate supports could be found at 1.1214 (Apr 25 low), 1.1193 (50-day
SMA) and 1.1144 (Mar 24 low).