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2 Apr 2014
EUR/USD tests 1.3775 after ISM NY
FXStreet (San Francisco) - The EUR/USD made an attempt to extend losses below the 200-hour MA level at 1.3785 as the pair fell to daily lows at 1.3775; however the pair held this price and now the spot is again at 1.3785.
The ISM New York index declined to 52 in March; it lowest reading since since June 2013.
Currently, EUR/USD is trading at 1.3788, down -0.04% on the day, having posted a daily high at 1.3821 and low at 1.3774. EUR/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
Levels to watch
Spot is presently trading at 1.3787, and next resistance can be seen at 1.3794 (Weekly High), 1.3794 (Hourly 20 EMA) and 1.3798 (Daily 20 SMA). Support below can be found at 1.3786 (Hourly 200 SMA), 1.3774 (Daily Low) and 1.3770 (Hourly 100 SMA).
The ISM New York index declined to 52 in March; it lowest reading since since June 2013.
Currently, EUR/USD is trading at 1.3788, down -0.04% on the day, having posted a daily high at 1.3821 and low at 1.3774. EUR/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
Levels to watch
Spot is presently trading at 1.3787, and next resistance can be seen at 1.3794 (Weekly High), 1.3794 (Hourly 20 EMA) and 1.3798 (Daily 20 SMA). Support below can be found at 1.3786 (Hourly 200 SMA), 1.3774 (Daily Low) and 1.3770 (Hourly 100 SMA).