EUR/USD rejected from 1.3218 fresh weekly highs

The EUR/USD foreign exchange rate is last trading at 1.3187, off fresh weekly highs at 1.3218 printed in early NY session, following worse than expected housing data in the US.

EUR/USD maintains positive tone

According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The hourly chart maintains the slightly positive tone of previous updates, although the neutral stance prevails amid low volumes. Expect the upside to remain favored as long as price holds above 1.3140 support in the short term.”

EUR/USD key technical levels

Bednarik finds support levels at: 1.3140, 1.3119 and 1.3080, while resistance levels at: 1.3210, 1.3245 and 1.3290.