FXstreet.com (Barcelona) - EUR/USD Attempt to recovery was short lived, as the Dollar is strengthening across the board on risk aversion after the swine flu outbreak; the Euro is trading several pips above 1.3120 session low.
Support levels stand at intra-day low at 1.3120 and below there, 1.3085 and the area between 1.3050/35. On the upside, resistance levels could be at 1.3180 and above there, 1.3200 and 1.3230/45.
According to the Swiss e Trade strategy team Dollar strength will probably continue this afternoon pushing the Euro lower: Currently trading at 1.3165 and on an intermediate support the pair recovered somewhat in this European morning. We see further weakness to come today, breaking the 1.3150 support, leading to prices below 1.3100.
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