EUR/USD finds resistance below 1.3620

By FXstreet.com | July 08, 2014 AAA

FXStreet (Córdoba) - The EUR/USD printed a fresh daily high at 1.3617, reaching the strongest level since last Thursday, when it plummeted following the US employment report and Draghi’s press conference. From the highs the EUR/USD pulled back but managed to hold above 1.3600.



Currently trades at 1.3611, up 0.06% for the day, rising for the second day in a row and recovering further after bottomed yesterday at 1.3574, the lowest price in a week.



EUR/USD will be able to hold above 1.3600?



The Euro is recovering against the US dollar after finding support around the key area located at 1.3575. But is still facing some downside pressure. Above 1.3600 the next short term resistance with relevance lies around 1.3640/50.



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