EUR/USD recovers and approaches 1.3300

By FXstreet.com | August 21, 2014 AAA

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).



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