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11 Dec 2014
EUR/USD finds buyers at 1.2370 again
FXStreet (San Francisco) - After declining 35 pips from 1.2405 in the US morning, the EUR/USD found buying interest at the 1.2370 level again. The USD is trading on the offensive today as players said enough to the dollar downtrend after a good series of US economic data.
Currently, EUR/USD is trading at 1.2381, down 0.51% on the day, having posted a daily high at 1.2496 and low at 1.2370. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/USD sentiment
According to Valeria Bednarik, "further declines below 1.2360 immediate intraday support, should anticipated a continued slide towards 1.2270 price zone."
Below of 1.2360, next supports are at 1.2340 and 1.2300. To the upside, resistances are at 1.2385, 1.2400 and 1.2450.
Currently, EUR/USD is trading at 1.2381, down 0.51% on the day, having posted a daily high at 1.2496 and low at 1.2370. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/USD sentiment
According to Valeria Bednarik, "further declines below 1.2360 immediate intraday support, should anticipated a continued slide towards 1.2270 price zone."
Below of 1.2360, next supports are at 1.2340 and 1.2300. To the upside, resistances are at 1.2385, 1.2400 and 1.2450.