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1 Apr 2014
EUR/USD breaks above 1.3800 and trades at 1.3815
FXStreet (San Francisco) - The Euro has finally broken the 1.3800 level against the US Dollar and following a 30 pips bullish movement from 1.3780, the EUR/USD has peaked to nearly 1-week highs around 1.3815.
Currently, EUR/USD is trading at 1.3807, up 0.28% on the day, having posted a daily high at 1.3815 and low at 1.3768. "The hourly chart shows a mild bullish tone, as per price standing above its 20 SMA and indicators heading higher in positive territory, yet as lately, sustain gains above 1.3800 seems not an easy task for the pair," comments FXStreet's Valeria Bednarik.
EUR/USD sentiment
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. Looking to momentum indicators, the hourly 200 SMA is currently at 1.3768, down from the last close at 1.3786 and declining.
Levels to watch
Spot is presently trading at 1.3805, and next resistance can be seen at 1.3809 (Yesterday's High), 1.3811 (Daily Classic R1), 1.3816 (Daily High), 1.3826 (Weekly High) and 1.3850 (Weekly Classic R1). Support below can be found at 1.3798 (Daily 20 SMA), 1.3786 (Hourly 200 SMA), 1.3784 (Hourly 20 EMA), 1.3778 (Weekly Classic PP) and 1.3769 (Hourly 100 SMA).
Currently, EUR/USD is trading at 1.3807, up 0.28% on the day, having posted a daily high at 1.3815 and low at 1.3768. "The hourly chart shows a mild bullish tone, as per price standing above its 20 SMA and indicators heading higher in positive territory, yet as lately, sustain gains above 1.3800 seems not an easy task for the pair," comments FXStreet's Valeria Bednarik.
EUR/USD sentiment
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. Looking to momentum indicators, the hourly 200 SMA is currently at 1.3768, down from the last close at 1.3786 and declining.
Levels to watch
Spot is presently trading at 1.3805, and next resistance can be seen at 1.3809 (Yesterday's High), 1.3811 (Daily Classic R1), 1.3816 (Daily High), 1.3826 (Weekly High) and 1.3850 (Weekly Classic R1). Support below can be found at 1.3798 (Daily 20 SMA), 1.3786 (Hourly 200 SMA), 1.3784 (Hourly 20 EMA), 1.3778 (Weekly Classic PP) and 1.3769 (Hourly 100 SMA).