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Forex: EUR/USD keeps falling, around 1.3035/40

FXstreet.com (Barcelona) - The single currency is retracing Tuesday’s gains, hovering over 1.3035/40 and on its way to test weekly lows in the vicinity of 1.3020 (Monday 16th).
The selling pressure intensified after Buba’s J.Weidmann assessed that it may take a decade for the euro area to come back to the recovery path, hinting at the same time at the likeliness of the ECB to ease further if conditions deteriorate.

As of writing, the cross is retreating 1.0% at 1.3045 with the next support at 1.3028 (low Apr.16) ahead of 1.3006 (low Apr.9) and then 1.2963 (low Apr.8).
On the upside, resistance levels align at 1.3202 (high Apr.16) ahead of 1.3229 (50% of Feb-Apr.slide) and finally 1.3319 (high Feb.25).

En estos momentos, el par retrocede 0.32% en 1.3131 con el soporte inmediato en 1.3120 (MA55d) por delante de 1.3070 (MA10d) y finalmente 1.3028 (mín. abr.16).
Por el contrario, de superar 1.3203 (máx. abr.16) apuntaría a 1.3229 (50% del descenso Feb-Apr.) y por último 1.3319 (máx. feb.25).

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