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1 Apr 2014
EUR/USD posts third daily gain, ends below 1.3800
FXStreet (Córdoba) - The EUR/USD posted moderated gains for the third day in a row and finished below 1.3800. Following a respective high and low at 1.3816 and 1.3768 , the pair finished trading at 1.3794, up 0.18% on the day.
The Euro failed to hold above 1.3800 but continues to move to the upside from levels near 1.3700 (last week lows).
Outlook for the EUR/USD
To the downside immediate support lies at Tuesday’s lows around 1.3780, that Valeria Bednarik, Chief Analyst at FXStreet, notes that is also a Fibonacci support.
“In the hourly chart, the pair maintains a mild bullish tone while the 4 hours chart also presents indicators heading higher in positive territory, but there’s little room for movements until Thursday ECB economic policy decision”, says Bednarik.
The Euro failed to hold above 1.3800 but continues to move to the upside from levels near 1.3700 (last week lows).
Outlook for the EUR/USD
To the downside immediate support lies at Tuesday’s lows around 1.3780, that Valeria Bednarik, Chief Analyst at FXStreet, notes that is also a Fibonacci support.
“In the hourly chart, the pair maintains a mild bullish tone while the 4 hours chart also presents indicators heading higher in positive territory, but there’s little room for movements until Thursday ECB economic policy decision”, says Bednarik.