25 Apr 2014
EUR/USD uninspired below 1.3850
FXStreet (Córdoba) - The EUR/USD continues to move back and forward in a range Friday, extending a phase of consolidation that has dominate this week's price action, despite Draghi's jawboning and strong Eurozone data.
The EUR/USD has made a couple of attempts to break above the 1.3850 zone Friday, but the lack of inspiration momentum in the absence of data or speakers has left the pair trapped in a range. At time of writing, the EUR/USD is trading at the 1.3840 zone, up 0.07% on the day.
EUR/USD levels to watch
If the EUR/USD does break above 1.3850, next resistances are seen at 1.3863 (Apr 17 high) and 1.3904 (Apr 11 high). On the other hand, supports could be found at 1.3830 (Apr 25 low), 1.3790 (Apr 24 low) and 1.3725 (100-day SMA).
The EUR/USD has made a couple of attempts to break above the 1.3850 zone Friday, but the lack of inspiration momentum in the absence of data or speakers has left the pair trapped in a range. At time of writing, the EUR/USD is trading at the 1.3840 zone, up 0.07% on the day.
EUR/USD levels to watch
If the EUR/USD does break above 1.3850, next resistances are seen at 1.3863 (Apr 17 high) and 1.3904 (Apr 11 high). On the other hand, supports could be found at 1.3830 (Apr 25 low), 1.3790 (Apr 24 low) and 1.3725 (100-day SMA).