24 Apr 2014
EUR/USD bounces back above 1.3800
FXStreet (Córdoba) - The EUR/USD fell briefly below 1.3800 following mixed US data but quickly bounced to trade nearly flat on the day.
The EUR/USD fell to a low of 1.3790 but found support and managed to regain the 1.3800 mark. At time of writing, the EUR/USD is trading at 1.3815, little changed since opening. From a wider perspective however, the EUR/USD continues to trade within this week's range lacking follow-through either side of the board. In the macroeconomic domain, US durable goods orders came in above expectations while Draghi sounded quite dovish earlier today.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.3790 (Apr 22 low), 1.3736 (Apr 8 low) and 1.3700 (psychological level). On the flip side, resistances are seen at 1.3842 (Apr 24 high), 1.3854 (Apr 23 high), 1.3864 (Apr 17 high) and 1.3880 (Apr 11 closing price).
The EUR/USD fell to a low of 1.3790 but found support and managed to regain the 1.3800 mark. At time of writing, the EUR/USD is trading at 1.3815, little changed since opening. From a wider perspective however, the EUR/USD continues to trade within this week's range lacking follow-through either side of the board. In the macroeconomic domain, US durable goods orders came in above expectations while Draghi sounded quite dovish earlier today.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.3790 (Apr 22 low), 1.3736 (Apr 8 low) and 1.3700 (psychological level). On the flip side, resistances are seen at 1.3842 (Apr 24 high), 1.3854 (Apr 23 high), 1.3864 (Apr 17 high) and 1.3880 (Apr 11 closing price).