Tuesday, April 3, 2012

EUR/USD 1.3320

In quiet pre-Easter trade, EUR/USD remains trapped inside past days' range with focus on the release of the US FOMC minutes to the March meeting later on the session.

EUR/USD peaked at 1.3366 during the European session but couldn't sustain gains and turned lower to hit a fresh day's low of 1.3300 into the North American return. At time of writing, EUR/USD is quoting at the 1.3310 zone, where it is little changed since opening.

As for technical levels, the Mataf.net analyst team sees immediate supports at 1.3290, 1.3250 and 1.3190, while they place resistances at 1.3370, 1.3385 and then at 1.3485.

source: fxstreet.com

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