28 Oct 2013
EUR/USD holds on to 1.38
FXstreet.com (Chicago) - EUR/USD advances above the 1.38 zone despite small retracement after short-lived and small rally in the afternoon of the American trading session and a relatively light data day.
In the US, facts reveal mixed results with industrial production up to 0.6% vs. expected and prior 0.4% but pending home sales decreasing to -1.2% vs. past 5.8% and the Dallas Fed Manufacturing business index at 3.6 vs. past 12.8.
EUR/USD Technical Levels
Price action reveals the pair oscillates around last Thursday zones holding on to the 1.38 level. Offered at 1.3804, the pair navigates between supports aligned at 1.3763 (session lows), 1.3715 (January 20th highs) ahead of 1.3655 (October 3rd highs) with resistances at 1.3824 (session highs), 1.3873 (November 17th 2011 highs) followed by 1.3924 (August 20th 2011 highs).
In the US, facts reveal mixed results with industrial production up to 0.6% vs. expected and prior 0.4% but pending home sales decreasing to -1.2% vs. past 5.8% and the Dallas Fed Manufacturing business index at 3.6 vs. past 12.8.
EUR/USD Technical Levels
Price action reveals the pair oscillates around last Thursday zones holding on to the 1.38 level. Offered at 1.3804, the pair navigates between supports aligned at 1.3763 (session lows), 1.3715 (January 20th highs) ahead of 1.3655 (October 3rd highs) with resistances at 1.3824 (session highs), 1.3873 (November 17th 2011 highs) followed by 1.3924 (August 20th 2011 highs).