FXstreet.com (Barcelona) - The Euro has lost during the European session, some of the ground Gained during Asian trading hours, dropping from 1.3345 intra-day high to 1.3255 low in European session. At the moment the Euro trades about its daily opening level , at 1.3265.
On a longer point of view, the Swiss e Trade Strategy team, sees the Euro in consolidation after last-week's move: The pair lost some of its gained territory this European morning, trading down from highs around 1.3340 to now 1.3290. We see only a trading band for today, in lower volatility, between 1.3330 and 1.3260.
Support level stands at intra-day low at 1.3255 and below there, 1.3210 and 1.3190 (Apr 30 low). On the upside, the Euro could find resistance at the 1.3290/1.3300 area, and once above here, 1.3345 intra-day high and 1.3380.
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