The price has rallied in the last several weeks and has found support at 1.3290

We may see the EUR/ USD break the 1.3290 resistance level. The next Key price level is likely to be around the 1.3752 level, a key support and resistance level in recent weeks and months. Also note that the 50 period exponential moving average is also currently at this level, possible providing an additional resistance level.

Should this level fail to hold as resistance then the next key level to look for could be around the 1.4279 level which has provided both key support and resistance for the EUR/ USD.

If 1.3290 holds as resistance then the price is likely to find support at 1.2719. If this support level breaks then a second key level is at the 1.2310 level.

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