FXStreet (Córdoba) - The EUR/USD gained momentum during the American session and climbed to 1.3288, reaching a fresh daily high. The Euro is recovering against the US dollar after falling earlier to 1.3241, the lowest price since September 2013.



Currently trades near the highs at 1.3284, up 0.18% for the day; rising of the first time of the the week and after falling almog 150 pips.



The trend is still bearish but the EUR/USD is making a bullish correction. Above 1.3300, the next resistance could be located at the 1.3330 zone (previous August lows). To the downside immediate support might be located at 1.3250/55 (intraday low) and 1.3240 (daily low).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Durable goods orders the FOMC and China - Rabobank

  2. Forex News

    EUR posting highs despite US data - FXStreet

  3. Forex News

    EUR/USD struggles around 1.1100

  4. Forex News

    EUR/USD tilted to further upside – Scotiabank

  5. Forex News

    Webinar: Key USD Scalp Levels For Month End- GBP Crosses in Focus

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!