FXstreet.com (Barcelona) - After falling around 195 pips and reverse its initial gains from 1.3385 to 1.3190, intra-day low, the EUR/USD has begun to rise and it has reached 1.3280 level. Currently the pair is trading around 1.3235/45 after falling 0.20% so far today from opening price action at 1.3267.
According to Valeria Bednarik, FXstreet.com collaborator, EUR/USD continues correcting down: Pair continues correcting after past two days upside run and braking under the 38.2% of the last up leg and tending lower. Indicators point for further falls after price break under the 20 SMA that also has a downside slope and act as dynamic resistance. Actual close under mentioned Fibonacci around 1.3225 will support further falls. Support levels: 1.3200 1.3170 1.3135. Resistance levels: 1.3225 1.3260 1.3300.
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