FXstreet.com (CÃ³rdoba) - The Dollar is rising so far during the American session at a moderate pace. EUR/USD was above 1.4350 when the present session started. From there the pair begun to fall finding support at the 1.4300 zone. Current price at 1.4305/09 is 0.05% above today's opening price. Below 1.4300 the next support lies at 1.4280.
The FastBrokers Research Team afirms: Investors should keep a close eye on the currency pair's interaction with our downtrend lines. Near-term momentum remains to the upside despite investor uncertainty since economic data points have been outperforming expectations. However, if this week's economic data comes in shy of analyst expectations the EUR/USD may opt to test the patience of our 1st tier uptrend line.