13 Jan 2014
EUR/USD recovers ground and trades above 1.3660
FXstreet.com (San Francisco) - Following a 50 pips decline from 1.3685, the euro found support against the Dollar at 1.3635 with the pair trading back above 1.3660.
Currently, the EUR/USD is pricing at 1.3665, flat on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the Stochastic is bearish and the MACD is neutral.
According to the FXstreet.com's chief analyst Valeria Bednarik, the "key support continues to be the daily ascendant trend line coming from July low, today around 1.3570." She notes that the pair is "not reflecting a clear direction at the time being and maintaining the risk of further slides."
EUR/USD levels:
Above the 20 hours MA level at 1.3660, the EUR/USD would face resistances at 1.3685 and 1.3700. On the downside, 1.3635, 1.3570 and 1.3550 are supports.
Currently, the EUR/USD is pricing at 1.3665, flat on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the Stochastic is bearish and the MACD is neutral.
According to the FXstreet.com's chief analyst Valeria Bednarik, the "key support continues to be the daily ascendant trend line coming from July low, today around 1.3570." She notes that the pair is "not reflecting a clear direction at the time being and maintaining the risk of further slides."
EUR/USD levels:
Above the 20 hours MA level at 1.3660, the EUR/USD would face resistances at 1.3685 and 1.3700. On the downside, 1.3635, 1.3570 and 1.3550 are supports.