Here comes the Euro; testing the 200-hour MA at 1.3430

By FXstreet.com | August 01, 2014 AAA

FXStreet (San Francisco) - The EUR/USD jumped after the NFP from 1.3380 to break above the 1.3400 area and test the 200-hour MA at 1.3430.



Currently, EUR/USD is trading at 1.3417, up 0.20% on the day, having posted a daily high at 1.3434 and low at 1.3379. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.



EUR/USD level



If the pair manages to break the 1.3430, it would find resistances at 1.3440 and 1.3475. On the downside, supports are at 1.3400, 1.3375 and 1.3365.



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