FXstreet.com (Barcelona) - After falling around 100 pips from 1.3476 to find support at 1.3365 after the U.S. unemployment data, the EUR/USD has began to rise above 1.3400. Currently, the pair is trading around 1.3420/30 after falling 0.36% on the day from the 1.3473 opening price.
Yesterday, EUR/USD rose 1.74% from its opening price at 1.3241, reaching 1.3241 as lowest and 1.3517 as highest, to close at 1.3472.
According to Valeria Bednarik, FXstreet.com collaborator, EUR/USD is turning bearish: Hourly charts are turning bearish, with momentum and RSI suggesting further losses in the pair, but probably waiting for Wall Street opening. Volume is high today, and 20 SMA is turning downside.200 EMA should offer some dynamic support around 1.3340.
Bednarik provides us with her levels: Support levels: 1.3340 1.3300 1.3260. Resistance levels: 1.34 10 1.3475 1.3520.