FXstreet.com (Barcelona) - The Euro remains trading in a tight range around 1.3300 range, in a very low volatility session, after having bounced at intra-week low art 1.3145 intra-week low yesterday.
On the upside, the closest resistance level remain at 1.3340/50 and above here, 1.3405 (Apr 7 high). On the downside support levels lay 1.3225/15 and below here 1.3175.
According to Peter Rosentreich, technical analyst at ACM, Advanced Currency Markets, the pair could rise further next week: We expect trading volumes to be light and for the market to hold within the wider 1.3150/1.3540 range. Next week, we would be looking for renewed buying interest though a recovery above 1.3540 is needed for more sustainable gains.