FXstreet.com (CÃ³rdoba) - EUR/USD has been rising constantly after the pair bottomed at 1.4205. The Euro rose to 1.4255, recovering form early losses. For the day, the pair is still in negative, 0.35% below today's opening price. Above 1.4260, the next resistance lies at 1.4285 and 1.4300. On the downside, the pair could find support at 1.4235 and below at 1.4200.
According to James Hyerczyk of ForexHound.com: The September Euro erased early morning gains after U.S. economic reports came out better than expected. Traders keep shifting positions between strong Dollar and strong Euro depending on who they feel will set the pace for the global economic recovery.