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FxWirePro: EUR/USD edges slightly lower after hitting highs near 1.0960

EUR/USD extends gains in to the European session, rebounding sharply from session lows by 1.0930 to hit 1.0960 Profit-taking on the U.S. dollar's recent out-performance helped the euro pare declines The weight of Greek t…

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  • EUR/USD extends gains in to the European session, rebounding sharply from session lows by 1.0930 to hit 1.0960

  • Profit-taking on the U.S. dollar's recent out-performance helped the euro pare declines

  • The weight of Greek troubles on the euro also eased after area banks finally reopened this week 

  • At the time of writing EUR/USD has pared some of its gains and is currently trading at 1.9436

  • Price action could extend to the cloud base at 1.0994, immediate resistance lies at 1.0963 (Daily High Jul 16)

Resistance Levels:

R1: 1.0963 (Daily High Jul 16)

R2: 1.0963 (10 DMA, Jul 21 High)

R3: 1.0994 (Daily Cloud Base)

Support Levels: 

S1: 1.0808 (Daily Low Jul 20)

S2: 1.0785 (Daily Low Apr 24)

S3: 1.0744 (76.4% Fibo of 1.0521 - 1.1468)

 

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