EUR/USD recovers and approaches 1.3300

By FXstreet.com | Updated 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).



You May Also Like

Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: Will Fed and Greek Elections Keep FX Volatility Boiling

  2. Forex News

    Dollar and S&P 500 Traders Hold Breath for Fed Decision

  3. Forex News

    Trading Video: EURUSD, EURJPY and EURGBP Ready for Greek Election

  4. Forex News

    Strategy Video: Euro Risks Are Not Extinguished by ECB Stimulus

  5. Forex News

    US Session Recap: Greenback profits taken off table

Trading Center