Forex: EUR/USD bounces and turns positive
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - After hitting a fresh weekly low of 1.2241 at the beginning of the New York session, EURUSD bounced strongly and regained the 1.2300 mark as stocks trim losses in Wall Street.
EURUSD has risen over 70 pips from lows within the last hour, reversing early losses and turning positive for the day. At time of writing, EURUSD is quoting at the 1.2310 zone, slightly above its opening price, having hit a daily high of 1.2316.
On the upside, immediate resistance could be found at the 1.2320 area where the 200-hour SMA lies, followed by 1.2360 and 1.2390. On the downside, supports are seen at 1.2240, 1.2200 and 1.2170.
EURUSD has risen over 70 pips from lows within the last hour, reversing early losses and turning positive for the day. At time of writing, EURUSD is quoting at the 1.2310 zone, slightly above its opening price, having hit a daily high of 1.2316.
On the upside, immediate resistance could be found at the 1.2320 area where the 200-hour SMA lies, followed by 1.2360 and 1.2390. On the downside, supports are seen at 1.2240, 1.2200 and 1.2170.
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