EUR/USD breaks bellow 1.3350

By FXstreet.com | August 07, 2014 AAA

FXStreet (San Francisco) - The Euro is extending its decline versus the US Dollar and after falling around 60 pips from 1.3390, the EUR/USD broke below the 1.3350 level and now it is testing 1.3330 lows.



Currently, EUR/USD is trading at 1.3340, down 0.32% on the day, having posted a daily high at 1.3394 and low at 1.3337. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.



EUR/USD sentiment



Draghi "didn't tell us anything we didn't already know, but he did make a very clear case for why core positions should be short EUR/USD and short EUR/GBP," comments Jamie Coleman from FXBeat. "Several times noting that ECB policy will diverge from policy in the US and UK for years to come, a point we've made repeatedly."



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