EUR/USD rejects the 1.3600 again

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (San Francisco) - After recovering from 1.3575, the EUR/USD rose to test the 1.3600 area where the pair found selling interest. Then the Euro's recovery was capped and now the pair is trading back at 1.3580.



Currently, EUR/USD is trading at 1.3580, down 0.15% on the day, having posted a daily high at 1.3615 and low at 1.3574. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.



The Dollar is trading on the offensive amid upbeat PMI manufacturing index in June and a set of stronger than expected existing home sales data in May.



EUR/USD sentiment



"Dollar ticking up slightly while US yields are unchanged just below 2.60% in the 10-year maturity," commented Jamie Coleman from FXBeat.



Below the 1.3575 area, the EUR/USD would find supports at June 20 lows around 1.3560 ahead of 1.3535 congestion area. On the upside, resistances are seen at 1.3600, 1.3615 and 1.3635.



Related Forex Analysis
  1. Dollar and Yields Slide Despite Improved US Data
    Forex News

    Dollar and Yields Slide Despite Improved US Data

  2. EUR/USD: Firmer foundation to buy dips after 1.2445 breakout
    Forex News

    EUR/USD: Firmer foundation to buy dips after 1.2445 breakout

  3. EUR/USD charts indicate the possibility of rebound – RBS
    Forex News

    EUR/USD charts indicate the possibility of rebound – RBS

  4. Video: Event Risk Can Set Off Volatility, but Carry Trends?
    Forex News

    Video: Event Risk Can Set Off Volatility, but Carry Trends?

  5. EUR/USD indicates possibility of rebound - RBS
    Forex News

    EUR/USD indicates possibility of rebound - RBS

Trading Center