EUR/USD declines fast and trades below 1.3600

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (San Francisco) - The Euro is trading down against the USD right now as upbeat consumer confidence in the US is fueling the greenback and a set of sell orders have been activated.



After falling 35 pips from today's highs at 1.3630 priced in the European morning, the EUR/USD declined to test 1.3590 area. Currently, EUR/USD is trading at 1.3600, down 0.03% on the day, having posted a daily high at 1.3630 and low at 1.3590.



EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.



EUR/USD sentiment



According to Gerry Davies from FXBeat, the flow-wise says "buy orders clustered 1.3575/80 and more 1.3540/50," on the downside. To the upside, "sell orders clustered 1.3615/25 and more 1.3640/50, buy stops gathering through 1.3655."



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