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EUR/USD – Resistance at 1.34 Stands Firm

From forexblog.oanda.com

The Euro finished last week just easing away from the long term resistance level at 1.34 which has seen it start the new week trading around 1.3330. The last 24 hours has seen it make another run up towards the resistance level at 1.34 however yet again it was turned away just shy around 1.3380. A couple of weeks ago it spent about a week drifting lower from the resistance level at 1.34 back towards the previous resistance level of 1.33. This level provided very little support for the Euro as it continued to move down strongly towards 1.3230 before consolidating recently above the support level at 1.3250. A couple of ... (full story)

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