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.



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