20 Mar 2014
EUR/USD tests fresh 2-week lows after US data
FXStreet (San Francisco) - The EUR/USD declined to test the 1.3750, lowest since March 6, following mixed data in the United States; however, the pair bounced at this level and currently it is trading at 1.3770.
The EUR/USD is currently trading 0.45% negative on the day; the short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.
EUR/USD levels
Below the 1.3750, the EUR/USD would face support at 1.3720 (low Mar.6) before 1.3707 (low ar.5). On the flip side, the initial resistance aligns at 1.3845 (high Mar.20) ahead of 1.3882 (10-d MA) and then 1.3935 (high Mar.19).
The EUR/USD is currently trading 0.45% negative on the day; the short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.
EUR/USD levels
Below the 1.3750, the EUR/USD would face support at 1.3720 (low Mar.6) before 1.3707 (low ar.5). On the flip side, the initial resistance aligns at 1.3845 (high Mar.20) ahead of 1.3882 (10-d MA) and then 1.3935 (high Mar.19).