FXstreet.com (Barcelona) - The Eur o has eased after having reached an intra-day high at 1.3325 dropping to levels below 1.3300 and approaching 1.3215 support.
In case of further decline below 1.3215, next support level comes at 1.3190 (Apr 30 low) and 1.3160/65. on the upside, resistance levels lie at 1.3300 3300 and above there, 13325/30 intra-day high and 1.3385 (Apr 30 high).
Nicole Elliott, senior technical analyst at Mizuho Corporate Bank affirms that a weekly close above 1.3400 could add bullish pressure to the Euro: Trapped at the 26-day moving average, between the top of the 'cloud' and the top of the 'flag'. Hopefully we will get a weekly close above 1.3400 to add to upside pressure. Note similar patterns can be seen in a series of major currencies.
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