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17 Apr 2014
EUR/USD breaks down the 1.3850 following claims data
FXStreet (San Francisco) - The Euro broke to the downside the 1.3850 area against the US dollar as the greenback got a push from upbeat jobless claims on Thursday.
After a jump from 1.3835, the EUR/USD reached fresh intra-day high at 1.3865 where the pair remained to trade sideways in the last two hours; however, the pair broke below 1.3850 following claims data to 1.3840.
Currently, EUR/USD is trading at 1.3847, up 0.23% on the day, having posted a daily high at 1.3865 and low at 1.3814. EUR/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD levels
If the pair managed to recover the 1.3850 area, next resistances are at 1.3852 (Yesterday's High) and 1.3865 (Daily High). On the downside, supports are seen at 1.3835 (Hourly 100 SMA), 1.3810 and 1.3790.
After a jump from 1.3835, the EUR/USD reached fresh intra-day high at 1.3865 where the pair remained to trade sideways in the last two hours; however, the pair broke below 1.3850 following claims data to 1.3840.
Currently, EUR/USD is trading at 1.3847, up 0.23% on the day, having posted a daily high at 1.3865 and low at 1.3814. EUR/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD levels
If the pair managed to recover the 1.3850 area, next resistances are at 1.3852 (Yesterday's High) and 1.3865 (Daily High). On the downside, supports are seen at 1.3835 (Hourly 100 SMA), 1.3810 and 1.3790.