Despite stocks advanced strongly, the US session has been pretty quiet when it comes to the forex board. Up beating Chinese data along with easing concerns regarding Syria, helped US indexes to erase past 4 weeks losses, although the EUR/USD remained caped below Monday high of 1.3280. Trading in a tight range the hourly chart presents a neutral stance, with indicators hovering around their midlines and price around a flat 20 SMA. In the 4 hours chart indicators head slightly higher after correcting extreme overbought readings, supporting a new leg up. The pair however, needs to breach the 1.3300 level to confirm a clearer upside momentum with scope to retest then the 1.3410/30 price zone.
Support levels: 1.3250 1.3220 1.3185
Resistance levels: 1.3300 1.3335 1.3360