EUR/USD bounces at 1.3370 and tests back 1.3400

By FXstreet.com | July 31, 2014 AAA

FXStreet (San Francisco) - The Euro stopped declines at 1.3370 where the pair found support and it started to recover towards the 1.3400 area.



Currently, EUR/USD is trading at 1.3391, down -0.04% on the day, having posted a daily high at 1.3401 and low at 1.3372. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.



EUR/USD levels



If the pair remains to rise, it would face next resistance at 1.3400 ahead of 1.3415. On the downside, supports are at 1.3365, 1.3300 and 1.3245.



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY in no mood for deep decline; settled at 108.80
    Forex News

    USD/JPY in no mood for deep decline; settled at 108.80

  2. EUR/USD attempts to develop upside correction
    Forex News

    EUR/USD attempts to develop upside correction

  3. Pound has room to extend latest gains - JPMorgan
    Forex News

    Pound has room to extend latest gains - JPMorgan

  4. USD positioning largely unchanged in the lead-up to FOMC - ANZ
    Forex News

    USD positioning largely unchanged in the lead-up to FOMC - ANZ

  5. EUR/USD bears in full control - JPMorgan
    Forex News

    EUR/USD bears in full control - JPMorgan

Trading Center