EUR/USD finds resistance at 1.3640; back to 1.3625

By FXstreet.com | July 09, 2014 AAA

FXStreet (San Francisco) - The EUR/USD rallied from 1.3600 to break above 200-hour MA level around 1.3615 and to reach nearly 1-week highs around 1.3640; however, the pair found selling interest at these prices and now the pair is back to 1.3625.



Currently, EUR/USD is trading at 1.3631, up 0.13% on the day, having posted a daily high at 1.3644 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 sentiment



Investors focus remain on the FOMC minutes due to be released at 18:00 GMT, hoping they could shed some light on when the Fed will hike rates



If the pair consolidates gains above 200-hour level at 1.3615, next resistances would be 1.3640, 1.3660 and 1.3675. On the downside, 200-day MA at 1.3605 is the first support ahead of 1.3590 and 1.3575.



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