EUR/USD Technical View

Euro failed to reach the 1.4300 round number on Thursday and stopped only pips away; after that the pair bounced back and in today’s Asian session we saw it make an intraday high at 1.4400. Unless something unexpected happens we think we are going to trade around the current levels at least until the US session when we could see a stronger move forming. Looking for support and resistance level we have to take into consideration the current weeks high and low at 1.4450 and 1.4310 respectively as the closest levels that need to be broken for the pair to move either way.
Resistance Levels

• 1.5000– round number
• 1.4966- Nov 23rd high
• 1.4735 –Nov 9th High

Support Levels

• 1.4500- round number
• 1.4300 – Sept 30th High
• 1.4000 – Round number
• 1.3850 – July 24th High

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