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3 Jul 2014
EUR/USD finds support at 1.3595, back to 1.3620
FXStreet (San Francisco) - The Euro finally found support at the 1.3600 area against the US dollar as the pair is bouncing back to trade around 1.3620.
The EUR/USD fell around 55 pips from 1.3650 post US employment report to trade below the 1.3600 mark at 1.3595, lowest since June 26. Currently, EUR/USD is trading at 1.3614, down 0.33% on the day, having posted a daily high at 1.3665 and low at 1.3595.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/USD sentiment
EUR/USD is trading in consolidation mode around former support at 1.3620. If the pair manages to recover above this level, next resistances are at 1.3640 and 1.3660. On the downside, supports come at 1.3600, 1.3575 and 1.3560.
The EUR/USD fell around 55 pips from 1.3650 post US employment report to trade below the 1.3600 mark at 1.3595, lowest since June 26. Currently, EUR/USD is trading at 1.3614, down 0.33% on the day, having posted a daily high at 1.3665 and low at 1.3595.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/USD sentiment
EUR/USD is trading in consolidation mode around former support at 1.3620. If the pair manages to recover above this level, next resistances are at 1.3640 and 1.3660. On the downside, supports come at 1.3600, 1.3575 and 1.3560.