EUR/USD pulled back to the 1.3305 zone, erasing completely intraday gains to trade flat at present. "Despite the intraday wide range and noise however, the pair maintains a neutral stance according to the 4 hours chart: not only technical readings lack momentum but price remains in its one week 150 pips range", says Valeria Bednarik, chief analyst at FXstreet.com.
Only a clear break above 1.3400/10 will signal an upward continuation that can extend near 1.3485, past 2012 high, according to the analyst. "On the other hand, thereâ€™s downside room in between 1.3290 and 1.3250/60 area, yet only below this latter bears will take control. Is time to be patient with the EUR/USD and wait for a clearer picture."
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