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20 Feb 2014
EUR/USD struggling around 1.3700
FXStreet (Córdoba) - The EUR/USD fell back to the lower side of today's range during the American session as the euro remains weak after a disappointing European PMI run.
The EUR/USD staged a short-lived bounce during the New York session, but below expectations Eurozone consumer confidence put the pair back under pressure and sent it below 1.3700 once again. At time of writing, the EUR/USD is trading at the 1.3690 area, with the 200-hour SMA still offering support at 1.3685.
EUR/USD supports and resistances
Should the EUR/USD break below 1.3685, it could fall toward 1.3653 (50-day SMA) and then to 1.3618 (100-day SMA). On the other hand, if the pair recovers beyond1.3730, next resistances could be found at 1.3772 (Feb 19 high) and 1.3800 (psychological level).
The EUR/USD staged a short-lived bounce during the New York session, but below expectations Eurozone consumer confidence put the pair back under pressure and sent it below 1.3700 once again. At time of writing, the EUR/USD is trading at the 1.3690 area, with the 200-hour SMA still offering support at 1.3685.
EUR/USD supports and resistances
Should the EUR/USD break below 1.3685, it could fall toward 1.3653 (50-day SMA) and then to 1.3618 (100-day SMA). On the other hand, if the pair recovers beyond1.3730, next resistances could be found at 1.3772 (Feb 19 high) and 1.3800 (psychological level).