EUR/USD trades at fresh lows below 1.3420

By FXstreet.com | July 29, 2014 AAA

FXStreet (San Francisco) - The EUR/USD tested prices below 1.3420 in the latest few minutes as the US Dollar is trading higher on Tuesday. The pair fell to fresh lows since November 21 at 1.3415 following a 30 pips down movement from 1.3445.



Currently, EUR/USD is trading at 1.3423, down 0.12% on the day, having posted a daily high at 1.3445 and low at 1.3415. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish.



EUR/USD sentiment



"Looks like the dollar is winning the 'cleanest dirty shirt' contest this morning," comments Jamie Coleman from FXBeat. "Downside progress might be slow given the combination of technical support at 1.3400, dating back to late November and protection of 1.3400 barrier options."



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