Back
8 Jan 2015
EUR/USD rejected at 1.1820; back to 1.1780
FXStreet (San Francisco) - The euro failed to extend recovery from 1.1750 against the US dollar as the pair found a selling interest in 1.1820 that sent it back to 1.1780.
Currently, EUR/USD is trading at 1.1785, down 0.40% on the day, having posted a daily high at 1.1848 and low at 1.1754. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
EUR/USD Sentiment
According to the FXStreet chief analyst Valeria Bednarik, "the pair will likely remain range bound during Asian hours ahead of US NFP data. If this last overcomes expectations, expect the dollar to resume its advance."
Below the 1.1780, the EUR/USD will find supports at 1.1750 and 1.1700. To the upside, resistances are at 1.1820, 1.1850 and 1.1890.
Currently, EUR/USD is trading at 1.1785, down 0.40% on the day, having posted a daily high at 1.1848 and low at 1.1754. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
EUR/USD Sentiment
According to the FXStreet chief analyst Valeria Bednarik, "the pair will likely remain range bound during Asian hours ahead of US NFP data. If this last overcomes expectations, expect the dollar to resume its advance."
Below the 1.1780, the EUR/USD will find supports at 1.1750 and 1.1700. To the upside, resistances are at 1.1820, 1.1850 and 1.1890.