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Forex: EUR/USD rejected from daily highs, back below 1.3100

FXstreet.com (Córdoba) - After rallying to a daily high of 1.3127 in the wake of Weidmann clarifications, EUR/USD lost momentum and failed to sustain gains above 1.3100 as selling pressure increased into the European closing bell.

EUR/USD dropped over 50 pips within the last hour and fell to a session low of 1.3053, not far from its daily low of 1.3045. At time of writing, EUR/USD is trading around 1.3060, still up 0.1% on the day.

In terms of technical levels, immediate supports could be found at 1.3045 (intraday low), and 1.3020 (low Apr 18) ahead of 1.3000 (psychological level). On the other hand, if the EUR/USD breaks decisively above the 1.3125/30 zone, next resistances are seen at 1.3200 and 1.3230 (50% of 1.3710/1.2750 slide).

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