FX : EUR/USD: Euro pulls down after testing 1.4375 day high
FXstreet.com (Barcelona) - The Euro remains trading in range as its attempt to break above intra-day high at 1.4375 failed again, sending the pair down to levels around 1.4350 after U.S. personal income data was released.
According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets, the pair could launch an assault to 1.4445 as long as 1.4275 remains in place: "Short term things are looking slightly more bullish and the chances of testing the 1.4445 level look increasingly likely as the pair makes slightly higher highs and higher lows in the last few days. A good confirmation of this would be the next low to be held at 1.4277 support."
Resistance levels, at the moment lie at 1.4375 intra-day high, and above here, 1.4405 (Aug 27 high) and 1.4430. On the downside, support levels are 1.4325 intra-day low, and below here, 1.4310 and 1.4280.
