EUR/USD finished virtually unchanged on Wednesday at 1.3315 after trading a broad 1.3276/1.3372 range intraday.
At time of writing, the pair has edged up to a session high of 1.3326 after trading a tight sideways range, last quoted at 1.3325 with support levels at 1.3310, 1.3280 and 1.3240, while resistance is seen at 1.3345, 1.3370 and 1.3410.
As the Asian session gets underway this Thursday, Valeria Bednarik, Chief Analyst at FXstreet.com notes the following: "In the 4 hours chart price struggles around 20 SMA that lost its bullish tone and turned flat while indicators head lower testing their midlines upside down. Lose of mentioned low is now required to confirm a bearish continuation rally towards the 1.3230 area, daily ascendant trend line coming from 1.3003. The downside is favored as long as below 1.3345."
At time of writing, the pair has edged up to a session high of 1.3326 after trading a tight sideways range, last quoted at 1.3325 with support levels at 1.3310, 1.3280 and 1.3240, while resistance is seen at 1.3345, 1.3370 and 1.3410.
As the Asian session gets underway this Thursday, Valeria Bednarik, Chief Analyst at FXstreet.com notes the following: "In the 4 hours chart price struggles around 20 SMA that lost its bullish tone and turned flat while indicators head lower testing their midlines upside down. Lose of mentioned low is now required to confirm a bearish continuation rally towards the 1.3230 area, daily ascendant trend line coming from 1.3003. The downside is favored as long as below 1.3345."
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