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).



Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  3. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  4. US Session: The market left shell-shocked on Draghi
    Forex News

    US Session: The market left shell-shocked on Draghi

  5. EUR/USD back into the bears den, downside wide open
    Forex News

    EUR/USD back into the bears den, downside wide open

Trading Center