16 Jun 2014
EUR/USD finds resistance near 1.3580
FXStreet (Córdoba) - The EUR/USD peaked at 1.3578 during the American session, where last Friday’s also lie. The Euro failed to break higher and pulled back afterwards.
Currently the EUR/USD trades at 1.3566, up 0.20% for the day so far, headed toward the highest daily close in a week.
EUR/USD remains in ranges
Despite rising on Monday the EUR/USD continues to trade in range with resistance below 1.3580 and support above 1.3500.The mentioned area continues to limit price action since last Wednesday.
But on a wider perspective, the EUR/USD still faces downside pressure as it continues to retreated after approaching 1.4000 a month ago.
Currently the EUR/USD trades at 1.3566, up 0.20% for the day so far, headed toward the highest daily close in a week.
EUR/USD remains in ranges
Despite rising on Monday the EUR/USD continues to trade in range with resistance below 1.3580 and support above 1.3500.The mentioned area continues to limit price action since last Wednesday.
But on a wider perspective, the EUR/USD still faces downside pressure as it continues to retreated after approaching 1.4000 a month ago.