EUR/USD Current price: 1.3646
FXstreet.com (Cordoba) – EUR/USD Current price: 1.3646. Pair failed to hold above 1.3700 which suggests that the bearish bias, despite losing strength remains intact. Hourly indicators are suggesting a bigger decline for the coming hours as the pair consolidates below 20 SMA.
Pair needs to break below 1.3620 to extend the downside for a test of last week lows. If pair falls under 1.3580, expect more downside support by bigger time frames. “Only above of 1.3750 pair could gain strength and the bearish bias would lose momentum,” said Matias Salord, collaborator at FXstreet.com.
Support levels: 1.3620 1.3580 1.3520. Resistance levels: 1.3715 1.3745 1.3850.
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