Dipping ever so slightly to 1.2710 in early trading over the Asian session, the EUR/USD has since regained nearly 40 pips and trades up near 1.2740 again. Over the month, the pair has been able to rebound from lows near 1.2200 as overall market sentiment improves cautiously. At time of writing the pair trades exactly even at 1.2735 with more bullish momentum expected. On the upside, the most immediate resistance levels are placed at 1.2744 and 1.2776. On the downside, support is listed at 1.239 and later 1.2707.
| Technical Analysis (2010-07-15 01:45 GMT) | |
|---|---|
EUR/USD 1.272/1.2723 - O: 1.2654 H: 1.2669 L: 1.2652 C: 1.2664 | |
| Trend | R3: 1.2804 |
 | R2: 1.2772 |
| R1: 1.2740 | |
| S1: 1.2673 | |
| S2: 1.2705 | |
| S3: 1.2736 | |
