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17 Apr 2014
EUR/USD extends decline to daily lows
FXStreet (San Francisco) - The Euro is extending its decline against the US Dollar and after losing 35 pips from 1.3865, the EUR/USD broke below 1.3850 and it is trading around 1.3825 daily lows.
Better than expected Philly Fed Manufacturing index, +16.6 in March (10.0 expected), is fueling the US dollar across the board.
Currently, EUR/USD is trading at 1.3830, up 0.11% on the day, having posted a daily high at 1.3865 and low at 1.3814. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
EUR/USD levels to watch
If the pair remains below the 1.3835 area, next supports are at 1.3810 and 1.3790. On the other hand, 1.3850 and 1.3865 are resistances.
Better than expected Philly Fed Manufacturing index, +16.6 in March (10.0 expected), is fueling the US dollar across the board.
Currently, EUR/USD is trading at 1.3830, up 0.11% on the day, having posted a daily high at 1.3865 and low at 1.3814. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
EUR/USD levels to watch
If the pair remains below the 1.3835 area, next supports are at 1.3810 and 1.3790. On the other hand, 1.3850 and 1.3865 are resistances.