International Trading
FXstreet.com (Barcelona) - The Euro seems to be going through basing activity after a 3-day sell off, as decline from 1.3335 high on Friday, found support at 1.2775 on Thursday, and, after brief consolidation around 1.2850 during Asian trade, the pair is ticking up to 1.2900 on better then expected German GDP data.
If the pair manages to return above 1.2900, next resistance area could be at 1.2933 (Aug 12 high), and above here, 1.2980/90 and 1.3030 (intra-day levels). On the downside, immediate support lies at 1.2820/25 (session lows), and below here, 1.2770 (Aug 12 low) and 1.2735 (Jul 21 low).
German GDP rose at a 2.2 pace in the second quarter, and 3.7% year on year, beating experts expectations of a 1.4% quarterly increase, and a 2.6% year on year growth.
EUR/USD (Aug 14 at 06:42 GMT)
H 1.27585 L 1.27495
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.2715 | 1.2747 | 1.2778 | 1.2792 | 1.2824 | 1.2856 |
| [?]Trend Index | [?]OB/OS Index |
| Strongly Bullish | Neutral |
| Data updated on Aug 13 at 18:45 (15-minute timeframe) |
[ View EUR/USD Technical Studies ]
