EUR/USD consolidates at 2-day highs

FXStreet (San Francisco) - The Euro recovered early losses and now it is trading at highs of two days against the US Dollar around 1.1840. Currently, EUR/USD is trading at 1.1833, 0.38% positive on the day, after publishing a daily maximum and minimum at 1.1763 1.1846.

EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

EUR/USD Sentiment

The Euro is performing its first positive day after sevent sessions against the Dollar. According to FXStreet chief analyst Valeria Bednarik, "the resistance level to watch will be the 1.1900 area."

On the other side, "a break below 1.1753, the current multiyear low, should see a quick selloff towards 1.1650," Bednarik commented.