EUR/USD: Euro consolidates above 1.3330 and approaches 1.3400

The Euro has remained at high levels after yesterday rally, and downside correction has been supported at 1.3330 on early European session, to bounce and approach 1.3400 at the time of writing.

According to the Swiss e Trade Strategy Team, the Euro mightr attempt to rise higher again: “The euro is consolidating its higher levels reached yesterday against the dollar in early European trading and is currently priced at 1.3370. We see some higher levels being approached today, again testing the highs above 1.3400, but beforehand we reckon with a down correction to the support at 1.3330.”

On the upside, the Euro might find resistance at 34.00/05 and if the pair reaches above here, next levels could be today’s high at 1.3435 and 1.3460/65. On the downside, the next support level lies at 1.3330 today’s low and below there, 1.3290 and 1.3250.