FXstreet.com (Córdoba) - The Euro is falling further against the Dollar. EUR/USD fell below 1.4400 after jobless claims report and currently trades below 1.4750 at 1.4340/45. The pair has lost previous gains and now trades near the levels it had at the beginning of the day. To the downside, support levels lie at 1.4320/30 and below at 1.4300 and 1.4270 (yesterday low).
Valeria Bednarik, collaborator at FXstreet.com affirms: Tending lower in the hourly chart, pair lost upside momentum after U.S. data and has a slightly bearish perspective for this American session. Failure to hold above 1.4400 suggests more downside ahead of 1.4365, yesterday's high area; 4 hours chars also show some downside pressure ahead as indicators seem exhausted, thus low volume likely to keep pair ranging rest of the day.