FXstreet.com (Barcelona) - The Euro has rallied from 1.3265 level ahead of the European session opening to 1.3385/90 resistance level, but the European currency has failed to break above mentioned resistance level and has pulled back towards support at 1.3345, which is being tested art the moment.
If 1.3340 support does not contain the EUR/USD pullback, next support level could come at 1.3265 and below there, 1.3230. On the upside., above 1.3385, next resistance levels could come at 1.3410 and above here, probably the area between 1.3440/50.
According to Igor Kuluaga, technical analyst at Forex LTD, the Euro has potential to carry on growing: For the present, considering the weakness of bear's resistance reaction and on the assumption of the chosen strategy we have grounds to suppose the preservation of the priority of bull's direction in planning of trade operations for today.
For more information, read our latest forex news.