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21 Apr 2014
EUR/USD consolidates below 1.3800
FXStreet (Córdoba) - The EUR/USD weakened after the beginning of the American session and broke below 1.3800. The Euro bottomed at 1.3786, the lowest price since April 8 and then bounced, but failed to rise back above 1.3800.
Currently trades at 1.3789, 0.14% down for the day so far and headed toward the lowest daily close in two weeks. The immediate support levels could be located between today’s lows and 1.3780. While to the upside, the EUR/USD initially needs to rise back above 1.3800 and then resistance might lie at 1.3830 (daily high) and 1.3850.
The US dollar gained momentum across the board after Wall Street opening while the Euro moved to the downside, reaching fresh lows also versus the Pound and the Yen.
Currently trades at 1.3789, 0.14% down for the day so far and headed toward the lowest daily close in two weeks. The immediate support levels could be located between today’s lows and 1.3780. While to the upside, the EUR/USD initially needs to rise back above 1.3800 and then resistance might lie at 1.3830 (daily high) and 1.3850.
The US dollar gained momentum across the board after Wall Street opening while the Euro moved to the downside, reaching fresh lows also versus the Pound and the Yen.