FXstreet.com (Barcelona) - After an slight decline on profit taking on Friday, EUR/USD has bounced up at 1.3530 and back at levels above 1.3700, the pair advances towards 10-week high at 1.3735.
If that level gives way, the Euro would find itself at a fresh 10-week high, facing resistance at 1.3750 (8 Jan high) and 1.3800 (8 Jan high). Above there, we must take into account 1.3855 (61.8% fib retracement of the Dec Mar fall).
On the downside, the Euro could find next support at today's low 1.3611, and then 1.3515 (Mar 20 low). Then 1.3410 (Mar 19 low).
Volatility is low ahead of the European session opening and Bollinger bands have tightened in the hourly chart. Hourly charts show the pair in a quite neutral stance while the Euro is overbought in Daily and 4 hour charts.