FXstreet.com (Barcelona) - The Euro has appreciated during early U.S session and after having tested 1.4275 resistance area, the pair returned upwards erasing loses from the European session, although the pair has been capped at 1.4340 resistance area.

According to Valeria Bednarik, collaborator at FXstreet.com, hourly indicators remain slightly bullish, although bigger time frames suggest further decline: With slightly bullish indicators in the hourly pair remains capped by the 1.4340 strong static resistance; 20 SMA remains flat with no clear clues at the moment, while bigger time frames suggest more downside to come before another attempt to break higher.

Resistrance areas, according to Bednarik, lie at the mentioned 1.4340, and above here, 1.4375 and 1.4410: Support levels are 1.4320, and below here 1.4275 and 1.4240.

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