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Forex: EUR/USD technicals counsel very little action ahead – Valeria Bednarik
Tuesday saw EUR/USD trade in vary between one.3040/85, ending the yankee session at one.3070, around twenty pips on top of its gap worth.
Technically speaking, “The hourly chart shows indicators still flat and lacking direction whereas, within the four hour chart, the image is simply a similar, suggesting not abundant action ahead,” comments Valeria Bednarik, Chief Analyst at FXstreet.com.
At time of writing, the combine is unchanged in early Asia. To the draw back, support levels lie at one.3040, 1.3015 and 1.2980, while, to the upside, resistance levels lie at one.3070, 1.3100 and 1.3145.
Tuesday saw EUR/USD trade in vary between one.3040/85, ending the yankee session at one.3070, around twenty pips on top of its gap worth.
Technically speaking, “The hourly chart shows indicators still flat and lacking direction whereas, within the four hour chart, the image is simply a similar, suggesting not abundant action ahead,” comments Valeria Bednarik, Chief Analyst at FXstreet.com.
At time of writing, the combine is unchanged in early Asia. To the draw back, support levels lie at one.3040, 1.3015 and 1.2980, while, to the upside, resistance levels lie at one.3070, 1.3100 and 1.3145.
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