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14 Nov 2013
EUR/USD falters ahead of 1.3500
FXstreet.com (Córdoba) - The EUR/USD rose to the top of today's range amid dovish words from nominated Fed chair Yellen but stalled once again ahead of the 1.3500 level.
The EUR/USD managed to bounce from a low of 1.3435 to a session high of 1.3489 during the NY session, supported by weak US data and Yellen's remarks but lost momentum and retreated somewhat. At time of writing, EUR/USD is trading at the 1.3470 zone, still 0.1% below its opening price.
EUR/USD supports & resistances
The 1.3497/1.3500 area (daily high/psychological level) offers immediate resistance to the EUR/USD, followed by 1.3528 (Nov 7 high) and 1.3548 (Nov 6 high). On the downside, supports are seen at 1.3435 (daily low), 1.3400 (psychological level) and 1.3388 (Nov 13 low).
The EUR/USD managed to bounce from a low of 1.3435 to a session high of 1.3489 during the NY session, supported by weak US data and Yellen's remarks but lost momentum and retreated somewhat. At time of writing, EUR/USD is trading at the 1.3470 zone, still 0.1% below its opening price.
EUR/USD supports & resistances
The 1.3497/1.3500 area (daily high/psychological level) offers immediate resistance to the EUR/USD, followed by 1.3528 (Nov 7 high) and 1.3548 (Nov 6 high). On the downside, supports are seen at 1.3435 (daily low), 1.3400 (psychological level) and 1.3388 (Nov 13 low).