FXstreet.com (Córdoba) - The Euro lost momentum against the Dollar and has fallen below 1.4700. EUR/USD fell to 1.4673, only a few pips above intra-day low that lies at 1.4665. The Euro lost previous gains and currently trades at 1.4684/88, 0.12% below today's opening price. The pair is falling for the fourth consecutive day.
The FastBrokers Research Team affirms: The EUR/USD faces multiple downtrend lines along with 12/07 highs and the psychological 1.50 level. Therefore, it seems near-term topside techncials outweigh supports, meaning there remains a downward pressure on the EUR/USD. As a result, investors should monitor the behavior of gold and the S&P futures as investors await Thursday's set of important economic events