forex trading outlook today - Analysis EUR/USD resistance level 1.3030 today dec 3 2012 : EUR/USD is moving marginally to the upside in the beginning of this week in Asia-Pacific amid a mild USD selling across the board, and within recent year lows volatility environment. The pair trades at fresh session highs 1.2998, minutes ahead of Australia retail sales data which will be biggest risk event of the session this Monday in Asia. The Eurogroup will yet again meet during all Monday long once the London session kicks off.
the EUR/USD losing some upward momentum according to the hourly chart, as indicators head south below their midlines, although price stands pretty much on Friday’s close. 1.3030 comes as immediate resistance level, “with several daily highs and lows gathered around and only above this last the pair will be able to extend its gains this Monday. The downside is still being limited by 1.2940/70 area, and slides below are quite unlikely for today,” Valeria concludes.
She finds support levels at: 1.2970, 1.2945 and 1.2910, while resistance levels at: 1.3000, 1.3030 and 1.3080.
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