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13 Apr 2015
EUR/USD sold again at 1.0600; back in the bearish track
FXStreet (Tokyo) - The Euro's recovery from 1.0520 against the US dollar has just found selling interest around the 1.0600 frontier where it was sold and launched back to 1.0580.
Currently, EUR/USD is trading at 1.0583, down 0.19% on the day, having posted a daily high at 1.0620 and low at 1.0520. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/USD forecast
According to the FXStreet Forecast Poll, the "EUR/USD parity is back on the table"," as the "latest developments has put the pair back in the bearish track."
Jameel Ahmad from FXTM said in the poll that "the economic outlook for Europe has not changed, and the situation in Greece has just turned into an ongoing downside risk for the currency." He expects that any upside gain for this pair will be "heavily limited to USD weakness."
Euro to dollar conversion levels
If the pair remains below the 1.0600, it will resume its downtrend with supports at 1.0520, 1.0500 and 1.0480. To the upside, resistances are at 1.0600, 1.0610 and 1.0620.
Currently, EUR/USD is trading at 1.0583, down 0.19% on the day, having posted a daily high at 1.0620 and low at 1.0520. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/USD forecast
According to the FXStreet Forecast Poll, the "EUR/USD parity is back on the table"," as the "latest developments has put the pair back in the bearish track."
Jameel Ahmad from FXTM said in the poll that "the economic outlook for Europe has not changed, and the situation in Greece has just turned into an ongoing downside risk for the currency." He expects that any upside gain for this pair will be "heavily limited to USD weakness."
Euro to dollar conversion levels
If the pair remains below the 1.0600, it will resume its downtrend with supports at 1.0520, 1.0500 and 1.0480. To the upside, resistances are at 1.0600, 1.0610 and 1.0620.