FXstreet.com (Córdoba) - Following a failed attempt to break above 1.3180 and a consolidation phase, EUR/USD turned south and speeded to the downside during the American afternoon along with US equities.
EUR/USD dropped nearly 50 pips within the last hour, breaking below the 1.3135/30 support area to hit a session low at 1.3100 before bouncing slightly. At time of writing, EUR/USD is quoting around 1.3110, just 5 pips above its opening price.
In terms of technical levels, the Talking-Forex.com team sees supports at 1.3090, 1.2931 which is the 10DMA line and then at the 21DMA line at 1.2880. On the other hand, resistance levels are noted at 1.3199, 1.3237 and then at 1.3282.
EUR/USD dropped nearly 50 pips within the last hour, breaking below the 1.3135/30 support area to hit a session low at 1.3100 before bouncing slightly. At time of writing, EUR/USD is quoting around 1.3110, just 5 pips above its opening price.
In terms of technical levels, the Talking-Forex.com team sees supports at 1.3090, 1.2931 which is the 10DMA line and then at the 21DMA line at 1.2880. On the other hand, resistance levels are noted at 1.3199, 1.3237 and then at 1.3282.
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