Euro still consolidating under 1.4275

Fri, Aug 21 2009, 04:12 GMT
http://www.fxstreet.com

FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4257. Still consolidating just under weekly low of 1.4275, indicators remain flat in the hourly, with no clear bias coming from there. 20 SMA under current price slowly turning to the upside could favor some rises in the pair thus seem limited due to lack of volume, and ahead of Friday early Europe macroeconomic data.

“Strong resistance level around 1.4340 should made the pair retreat if reached during next session, thus clear break above, will leave doors open for further gains on the days to come,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.4230 1.4200 1.4150. Resistance levels 1.4275 1.4300 1.4340.

• EUR/USD

EUR/USD (Aug 21 at 04:41 GMT)

1.4223/26 (-0.15%)

H 1.4269 L 1.4211

S3	S2	S1	R1	R2	R3
1.4134	1.4169	1.4205	1.4225	1.4261	1.4296

[?]Trend Index	[?]OB/OS Index
Neutral	Neutral
Data updated on Aug 21 at 04:35 (15-minute timeframe)