EUR/USD bounces at 1.3600 and trades back at 1.3625

By FXstreet.com | July 09, 2014 AAA

FXStreet (San Francisco) - The Euro found buying interest at the 1.3600 area against the US Dollar and after a short period of consolidation, the EUR/USD rose to trade above the 200-hour MA at 1.3615.



Currently, EUR/USD is trading at 1.3621, up 0.06% on the day, having posted a daily high at 1.3631 and low at 1.3602. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.



EUR/USD levels



If the pair manages to sustain levels above 200-hour MA at 1.3615, the pair would face resistances at 1.3630 and 1.3650. On the downside, supports are at 1.3600, 1.3590 and 1.3575.



comments powered by Disqus
Related Forex Analysis
  1. US Dollar Aims to Extend Advance, Gold and Crude Oil Range-Bound
    Forex News

    US Dollar Aims to Extend Advance, Gold and Crude Oil Range-Bound

  2. USD/JPY trying to get above 109.50
    Forex News

    USD/JPY trying to get above 109.50

  3. EUR/USD Technical Analysis: Euro Trying to Expose 1.26
    Forex News

    EUR/USD Technical Analysis: Euro Trying to Expose 1.26

  4. US Dollar Technical Analysis: Working on Fifth Straight Gain
    Forex News

    US Dollar Technical Analysis: Working on Fifth Straight Gain

  5. USD/JPY Technical Analysis: Range-Bound Below 110.00 Mark
    Forex News

    USD/JPY Technical Analysis: Range-Bound Below 110.00 Mark

Trading Center