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5 Jun 2014
Fierce rebound at 1.3500 in the EUR/USD
FXStreet (San Francisco) - After declining fast and furious from 13645 to test the 1.3500 area amid ECB new measures, the EUR/USD has got a bounce at this level and now it is testing back the 1.3600 area.
Currently, EUR/USD is trading at 1.3579, down 0.13% on the day, having posted a daily high at 1.3645 and low at 1.3503. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/USD sentiment
Dale Pinkert told the Live Analysis Room about to be aware of being too aggressive short in Euro... not too fast! In the same line, Jamie Coleman from FXBeat commented he "would like to see it put a base in above the 1.3585 area and then solder on to 1.3645/50."
He also points that the ECB raised its EUR/USD forex assumptions to 1.3800 2014, 2015, 2016.
Currently, EUR/USD is trading at 1.3579, down 0.13% on the day, having posted a daily high at 1.3645 and low at 1.3503. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/USD sentiment
Dale Pinkert told the Live Analysis Room about to be aware of being too aggressive short in Euro... not too fast! In the same line, Jamie Coleman from FXBeat commented he "would like to see it put a base in above the 1.3585 area and then solder on to 1.3645/50."
He also points that the ECB raised its EUR/USD forex assumptions to 1.3800 2014, 2015, 2016.