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Forex pairs in this Article » EUR/USD (San Francisco) - The EUR/USD is falling hard right now after the Fed taper decision with the pair losing around 140 pips in the last hour from 1.3810 to break down the 1.3700 and test lows since December 6 at 1.3675.

The US Dollar is currently trading hard against all its majors as investors are buying dollars following the Federal Reserve decision to start tapering of its bond buying program.

At this moment, the EUR/USD is trading at 1.3688, 0.54% negative on the day. The short term perspective is slightly bearish according to the trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.

Below the 1.3675, the EUR/USD would face supports at 1.3620 and 1.3600. On the upside, resistances are now at 1.3700, 1.3730 and 1.3810.
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