Current level-1.3013
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3292 and 1.4721.
Yesterday's test of the 1.2944 support failed and the structure below 1.3074 is by all means a corrective one, so we favor a break above 1.3074 for 1.3186, en route to 1.3328. Crucial is 1.2929, as if there is a slide below that level, a reversal formation will be set at 1.3074
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3074 | 1.31+ | 1.2929 | 1.2328 |
| 1.3096 | 1.3328 | 1.2862 | 1.1640 |
