FXstreet.com (Barcelona) - EUR/USD has risen around 70 pips from 1.3088, intra-day low, to reach 1.3159 and to test the 1.3150 level. Currently the pair is trading around 1.31240/50 after falling 0.58% so far today from opening price.
According to Valeria Bednarik, FXstreet.com collaborator, EUR/USD is in a downside correction yet: Downside correction extended over past sessions, and the pair reached the 1.3100 zone. Hourly indicators suggest more downside pressure, thus this actual zone with the 200 EMA and the static Fibonacci level should offer some support. Break under this, will set next important support for the pair at the 61.8% around 1.3042.
Valeria provides us with her levels: Support levels: 1.3100 1.3073 1.3045. Resistance levels: 1.3142 1.3175 1.3205
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