FXstreet.com (Barcelona) - The Euro has broken intra-day high at 1.3370 to reached a new two-weeks high at 1.3300, to set back again to levels right below 1.3270. At the moment the Euro trades at 1.3265; 1.0% above its opening level.
Immediate resistance remains at 1.3270,and then today's high at 1.3300 ; above here, 1.3340 (Apr 9 high). On the downside, support levels stand at 1.3200 and below there, 1.3160 (Apr 23 high) and today's low at 1.3115
According to Valeria Bednarik, collaborator at FXstreet.com, the Euro is approaching the roof of the downward trending channel: Straight appreciation in the pair, is approaching price to the upper line of the big descendant channel clear in 4 hours chars, around 1.3355, and if you take a look at daily charts, you will find out we also have an important number of maximums and minimums around there.
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