Forex: EUR/USD: Euro, hovering around 1.3950

Thu, Jun 18 2009, 08:12 GMT
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FXstreet.com (Barcelona) - The Euro remains moving in a narrow range both sides of 1.3950, after its rally from 1.3830 on Yesterday's U.S. session, hourly sentiment is slightly on the upside, and 1.4000 intra-week high remains on sight.

According to by Tim Salem, collaborator at FXstreet.com, the 20SMA is offering support to the Euro-Dollar: "Slightly Bullish Hourly Sentiment is currently seen as Price finds Appreciation and Dynamic Support from the 20SMA despite being in an Accumulation Range between Daily Static Support at 1.3910 Daily Pivot and Daily Dynamic Resistance at 1.3979."

Resistance levels lie at 1.3975/85 (intra-day high/ Jun 17 high), and above here, 1.4000 (Jun 15 high), and 1.4040. Support levels lie at 1.3930, and below there, 1.3895 and 1.3820/30.

EUR/USD

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