International trading
The Euro remains consolidating at three week lows, after a 400 pips sell off during the current week, as recovery attempt from 1.2770 low ion Thursday has failed tom extend above 1.2900, and capped at 1.2905 session high, the Euro has returned to 1.2835 area.
On the downside, immediate support lies at 1.2820/30 (session low (Aug 11 low), and below here, 1.2770 (Aug 12 low) and 1.2735 (Jul 21 low). On the upside, resistance levels lie at 1.2905 (session high), and above here, 1.2933 (Aug 12 high), and 1.2980/90.
On a wider perspective, Stoyan Mihaylov, technical analyst at Deltastock.com, observes the pair consolidating ahead of a further decline, to 1.2470: "A bottom has been set at 1.2779 and it was the final of the side since 1.3335 high, so currently a larger consolidation is underway, preceding next sell towards 1.2470 support. The intraday bias is positive, supported at 1.2865." 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) |
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