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3 Feb 2015
EUR/USD finds strong resistance at 1.1450; sideways
FXStreet (San Francisco) - The Euro is the winner of the day; however, it's experiencing difficulties extending gains versus the US Dollar. After climbing over 100 pips from 1.1335 to trade at highs since January 22 at 1.1450, the EUR/USD is trading sideways now.
The Euro was trading higher on Tuesday as risk appetite returned to market following good news from Greece. Euro was the top pick of investors while the USD was the loser of the day.
Currently, EUR/USD is trading at 1.1439, up 0.93% on the day, having posted a daily high at 1.1450 and low at 1.1313. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
EUR/USD levels
If the pair manages to break above 1.1450, it will find next resistances at 1.1460, 1.1500 and 1.1540. To the downside, supports are at 1.1415, 1.1360 and 1.1310.
The Euro was trading higher on Tuesday as risk appetite returned to market following good news from Greece. Euro was the top pick of investors while the USD was the loser of the day.
Currently, EUR/USD is trading at 1.1439, up 0.93% on the day, having posted a daily high at 1.1450 and low at 1.1313. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
EUR/USD levels
If the pair manages to break above 1.1450, it will find next resistances at 1.1460, 1.1500 and 1.1540. To the downside, supports are at 1.1415, 1.1360 and 1.1310.