Forex: EUR/USD up 0.74 for the week so far

on Jul 19, 2013
Listen Friday July 19th_: Yesterday the EUR/USD fell during the Asian, European and early American sessions. After 17.00 BST though, the pair started an ascent which saw it close the day at 1.3107, 0.08 percent down on the opening price. The trading range was from 1.3065 to 1.3124.

Looking at the weekly candle, overall the price has been increasing and at 1.3133 is currently 0.74 percent up on Monday’s opening level. There’s been a low at 1.3088 and a high at 1.3146 so far.
The MA89 and MA200 are floating below the price action, supporting the bulls, and the consolidation movement since 10 July may soon stop and push the price higher, though the 10 July high of 1.3205 will need to be broken. For the pair to go bearish, the price must first pass through the 15 July low of 1.2992.
Resistances today: 1.3150, 1.3180 and 1.3205.
Supports today: 1.3120, 1.3090 and 1.3065.

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