17 Jul 2014
EUR/USD falls to fresh 1-month lows
FXStreet (San Francisco) - The Euro is trading down against the US Dollar and after falling around 20 pips from 1.3535, the Euro tested lows since June 16 around 1.3515.
Currently, EUR/USD is trading at 1.3523, down 0.02% on the day, having posted a daily high at 1.3541 and low at 1.3516. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
EUR/USD sentiment
"EUR/USD has some sovereign sponsorship on dips which leads me to think the 1.3500 area is safe. And even if 1.3500 does yield, 1.3475 support from February is just below to lend a helping hand," comments Jamie Coleman Above 1.3580, I think EUR/USD is in for a squeeze."
Supports are at 1.3515, 1.3500 and 1.3480. To the upside, resistances are seen at 1.3540, 1.3560 and 1.3570.
Currently, EUR/USD is trading at 1.3523, down 0.02% on the day, having posted a daily high at 1.3541 and low at 1.3516. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
EUR/USD sentiment
"EUR/USD has some sovereign sponsorship on dips which leads me to think the 1.3500 area is safe. And even if 1.3500 does yield, 1.3475 support from February is just below to lend a helping hand," comments Jamie Coleman Above 1.3580, I think EUR/USD is in for a squeeze."
Supports are at 1.3515, 1.3500 and 1.3480. To the upside, resistances are seen at 1.3540, 1.3560 and 1.3570.