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. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  3. US Session recap: USD consolidation ahead of FOMC
    Forex News

    US Session recap: USD consolidation ahead of FOMC

  4. A market in a technical snap-shot - RBS
    Forex News

    A market in a technical snap-shot - RBS

  5. EZ gave mixed data at key timings - BBH
    Forex News

    EZ gave mixed data at key timings - BBH

Trading Center