Forex | Forex | Forex: EUR/USD: Euro, right below 1.4150 day high ahead of GDP (31/07/2009 12:22:00)

Forex: EUR/USD: Euro, right below 1.4150 day high ahead of GDP

FXstreet.com (Barcelona) - The Euro is trading at levels right below 1.4150 intra-day high ahead pof the release of preliminary GDP data, after bouncing at 1.4085 European session low.

On a wider perspective, Euro recovery from 1.4005 Jul 29 low could be capped by previous upward trending support line from April 22 low at 1.2885, now around 1.4130/40.

Resistance levels, at the moment lie at the mentioned 1.4130/40 area, and above here, 1.4160 and then 1.4195 (Jul 29 high). On the downside, support levels lie at 1.4085, and below here, 1.4055 and 1.4005.

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