Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - Following a sharp dip, EUR/USD managed to find support and stabilized around 1.3000 during the American afternoon.

EUR/USD finds support at 1.2990

EUR/USD dropped from the 1.3100 area to a 2-day low of 1.2990 during the New York session amid strong USD buying interest into the month- and quarter-end. However, the decline slowed just ahead of this week's lows, confining the pair to a narrow range over the last hours, with the Cyprus downgrade by Fitch having no effect on the EUR/USD.

At time of writing, EUR/USD is trading around 1.3000, where it is 0.3% below its opening price, with immediate supports at 1.2984 (Jun 26 low) and 1.2955 (Jun 3 low). On the other hand, resistances line up at 1.3100 and 1.3150 (Jun 21 high).
comments powered by Disqus