FXstreet.com (Barcelona) - After rejecting from 1.3340, in the early US session, EUR/USD has fallen below 1.3250 level, lossing almost all of its initials increases. Today, the pair has risen around 0.40% form the 1.3189 opening price.
Currently, EUR/USD is trading around 1.3240/50, after falling from 1.3340, losing around 100 pips and reaches the 1.3235 level.
According to Valeria Bednarik, FXstreet.com collaborator, EUR/USD is in a consolidating movement: The pair has turned bullish after yesterday's rebound around 200 EMA in 4 hours charts. Pre America opening the pair is consolidating in a small flag between 1.3300/1.3340, just under the 200 EMA in the hourly chart. Indicators are exhausted to the upside, so watch for a break under the mentioned level, more likely. A continuation above 1.3350, will suggest further upside strength for the next hours.
Bednarik provide us with her levels: Support levels: 1.3295 1.3240 1.3200. Resistance levels: 1.3350 1.3388 1.3420