FXstreet.com (Barcelona) - After falling from 1.3435, intra-day high to find support at 1.3335, the EUR/USD has risen to trade above 1.3350 level. Currently the pair is trading around 1.3360 after falling 0.40% so fartoday from 1.3416 opening price.
Valeria Bednarik, FXstreet.com collaborator, says: Consolidation range has moved up to the 1.33/34 zone, with daily charts still slightly bullish. 1.3550 where we have the 200 EMA will be a key point for the pair in the term. Above it, upside bias is clear till 1.3735 zone. Closer to actual price and clear in the hourly chart, the pair has a double roof formation around 1.3440, with the neck at 1.3324. Confirmation under that zone will have a 110 pips target to the downside to accomplish figure objective at 1.3110. Intermediate support will be around 1.3260 zone. Under this last, 1.3180 could be well consider a key point: bullish longer term perspective remains intact as long as price remains above it.
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