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31 Dec 2013
EUR/USD finds support at 1.3758 and tests back 1.3790
FXstreet.com (San Francisco) - The Euro finally found support against the US Dollar at 1.3758 after falling around 40 pips in the day from 1.3800. The EUR/USD bounced to test the 1.3790 and currently it's pricing at 1.3780, still 0.10% negative on the day.
The short term perspective is now 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 and the MACD are neutral.
Following December 27's spike to a 2-year high of 1.3890, the EUR/USD entered a quieter phase that has extended over the last sessions. The EUR/USD failed to break above the 1.3820 area on Monday and came under mild pressure Tuesday, falling to daily lows of 1.3759.
EUR/USD levels
Above 1.3790, next resistances are at 1.3820, 1.3865 and 1.3890. On the upside, supports are at 1.3760, 1.3730 and 1.3715.
The short term perspective is now 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 and the MACD are neutral.
Following December 27's spike to a 2-year high of 1.3890, the EUR/USD entered a quieter phase that has extended over the last sessions. The EUR/USD failed to break above the 1.3820 area on Monday and came under mild pressure Tuesday, falling to daily lows of 1.3759.
EUR/USD levels
Above 1.3790, next resistances are at 1.3820, 1.3865 and 1.3890. On the upside, supports are at 1.3760, 1.3730 and 1.3715.