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Forex: EUR/USD holds above 1.3035

FXstreet.com (Barcelona) - EUR/USD is currently at 1.3052, off session lows at 1.3030, and few pips shy of session highs at 1.3058. The pair has managed to hold above late NY weekly lows at 1.3020 following final selling pressure after the Boston bombing attacks, and above Friday's lows at 1.3036. EUR/USD is last down -0.47% for the week so far.

According to Valeria Bednarik, Chief Analyst at Fxstreet.com: “the hourly chart shows indicators still heading downward into negative territory while 20 SMA, gains bearish slope above current price,” the analyst notes, adding: “In the 4 hours chart technical readings also turned lower, supporting further slides along with latest failure at key 1.3115, 38.2% retracement of the latest daily fall; 1.3020 stands as immediate support yet lose of the 1.2970 area should signal a return of the bears, with 1.2880 then at sight,” she concludes.

Support levels are found by Valeria at: 1.3020, 1.2970 and 1.2920, while resistance levels are seen at: 1.3070, 1.3115 and 1.3150.

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