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18 Apr 2014
EUR/USD steady in quiet holiday trade
FXStreet (Córdoba) - The EUR/USD continues to consolidate in a tight range amid low volume as most European markets remain closed due to the Good Friday holiday.
Against this backdrop, most pairs in the FX market have been confined to consolidative ranges, and the EUR/USD is not the exception. The pair has barely moved over the last hours, trading within 1.3807/1.3822. At time of writing, EUR/USD is quoting at 1.3818, 0.05% above its opening price.
From a wider view, the EUR/USD has closed the last 3 days virtually unchanged above 1.3800 and it's been unable to fill the weekly opening gap.
EUR/USD technical levels
In terms of technical levels, immediate resistances could be found at 1.3822 (Apr 18 high/100-hour SMA), 1.3863 (Apr 17 high) and 1.3882 (Apr 11 closing price). To the downside, supports are seen at 1.3796 (21-day SMA), 1.3782 (50-day SMA) and 1.3736 (Apr 8 low).
Against this backdrop, most pairs in the FX market have been confined to consolidative ranges, and the EUR/USD is not the exception. The pair has barely moved over the last hours, trading within 1.3807/1.3822. At time of writing, EUR/USD is quoting at 1.3818, 0.05% above its opening price.
From a wider view, the EUR/USD has closed the last 3 days virtually unchanged above 1.3800 and it's been unable to fill the weekly opening gap.
EUR/USD technical levels
In terms of technical levels, immediate resistances could be found at 1.3822 (Apr 18 high/100-hour SMA), 1.3863 (Apr 17 high) and 1.3882 (Apr 11 closing price). To the downside, supports are seen at 1.3796 (21-day SMA), 1.3782 (50-day SMA) and 1.3736 (Apr 8 low).