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30 Jun 2014
EUR/USD consolidate gains above 1.3650
FXStreet (San Francisco) - The euro is trading in consolidation mode against the US dollar following a 20-pip upside movement from 1.3640 to at 3-week highs around 1.3660 post eurozone CPI.
Currently, EUR/USD is trading at 1.3657, up 0.06% on the day, having posted a daily high at 1.3664 and low at 1.3640. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD sentiment
"The single currency has maintained its poised pretty impressively. 1.3672 is a significant hurdle to the top side near-term, the 200-day moving average," comments Jamie Coleman from FXbeat. "Since the ECB meeting in June we've only had one close above that indicator, and that was on the day of the meeting itself."
"A close above the 200-day average could be a sign of a sea-change with shorts growing frustrated by the euro's relative resilience," points out Coleman.
EUR/USD could find next resistances at 1.3660 (Today's 30 high), 1.3672 (200-day SMA) and 1.3675 (Jun 6 high) ahead of 1.3700 (psychological level). On the flip side, supports are seen at 1.3575 (Jun 26 & 23 lows), 1.3563 (Jun 20 low) and 1.3540 (Jun 18 low).
Currently, EUR/USD is trading at 1.3657, up 0.06% on the day, having posted a daily high at 1.3664 and low at 1.3640. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD sentiment
"The single currency has maintained its poised pretty impressively. 1.3672 is a significant hurdle to the top side near-term, the 200-day moving average," comments Jamie Coleman from FXbeat. "Since the ECB meeting in June we've only had one close above that indicator, and that was on the day of the meeting itself."
"A close above the 200-day average could be a sign of a sea-change with shorts growing frustrated by the euro's relative resilience," points out Coleman.
EUR/USD could find next resistances at 1.3660 (Today's 30 high), 1.3672 (200-day SMA) and 1.3675 (Jun 6 high) ahead of 1.3700 (psychological level). On the flip side, supports are seen at 1.3575 (Jun 26 & 23 lows), 1.3563 (Jun 20 low) and 1.3540 (Jun 18 low).