FXstreet.com (Barcelona) - The Euro has rallied today from the 1.3241, at the beginning of the session, to reach 1.3517 in the last minutes. Today, EUR/USD has risen 0.99%. Currently, the pair is trading around 1.3495/1.3505 band.
According to Valeria Bednarik, FXstreet.com collaborator, EUR/USD could correct the previous movement: Pair has quickly run up after the ECB suppressive cut of just 0.25%, and rebound exactly in a descendant trend line around 1.3495. With indicators over bought in the hourly, and volume decreasing after the spike, correction could extend to the downside under 1.3380, first support for today.
Bednarik provide us with her levels: Support levels: 1.3380 1.3345 1.3310. Resistance levels: 1.3430 1.3495 1.3520