FXstreet.com (Barcelona) - EUR/USD is fighting the 1.3300 level after falling to 1.3270 from 1.3375 in the early American morning. Currently the pair is trading around 1.3295/1.3305, fighting to be positive or negative in the day from 1.3304 opening price.
According to Valeria Bednarik, FXstreet.com collaborator, the pair is in consolidation: Pair has reached the 61.8% retracement of the last down leg, so we could see some consolidation between 1.3330 and 1.3365 before next rally to the upside, supported by clearly bullish momentum. Price is above 20 SMA that is also turning up. New candle opening above previous mentioned 61.8% at 1.3365 will be first signal of continuation in the pair. Support levels: 1.3335 1.3300 1.3276. Resistance levels: 1.3365 1.3394 1.3440.
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