EUR/USD back onto positive grounds

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - EUR/USD is now trading at 1.3645, up has moved to profit 0.24% on the day, having posted a daily high at 1.3649 and low at 1.3602.



EUR/USD has found traction again on the 1.36 handle and has reversed the immediate move in reaction to the FOMC minutes and has turned positive. The minutes have confirmed that the Fed will be leaning towards October as an end for their QE programme, so long as the economy continues to perform at the current pace.



EUR/USD Levels



With spot trading at 1.3645, we can see next resistance ahead at 1.3649 (Daily High), 1.3658 (Daily Classic R3), 1.3659 (Weekly High), 1.3669 (Weekly Classic R1) and 1.3677 (Daily 200 SMA). Support below can be found at 1.3638 (Daily Classic R2), 1.3634 (Hourly 200 SMA), 1.3627 (Weekly Classic PP), 1.3626 (Daily Classic R1) and 1.3622 (Daily 20 SMA).



You May Also Like

Related Forex Analysis
  1. Forex News

    EUR/USD on the way for a weekly decline

  2. Forex News

    EUR/USD Technical Analysis: December Lows Under Pressure

  3. Forex News

    USD/JPY near term trend unclear – Kshitij Consultancy

  4. Forex News

    EUR downside supported at 2014 low - FXStreet

  5. Forex News

    Caution Holding Euro, USD, and Yen Positions as Borrowing Costs Rise

Trading Center