FXstreet.com (Barcelona) - After testing the 1.4360 throughout the European session, the EUR/USD has been rejected again by this level in the last minutes with the pair collapsing quickly to trade close to 1.4320, looking to test intra-day lows at 1.4305.
Currently the pair is trading around 1.4320/30, 0.20% below today's opening price action at 1.4350.
Peter Rosenstreich, analyst at ACM, comments: For another very light data calendar we are anticipating continued choppy trading in thin liquidity. Watch the 1.4306 - 1.4366 intraday range. Clear trading above 1.4350 will put the focus on1.4460 now acting as decent resistance. Any break above there would face a major hurdle rallying higher at 1.4685. First downside support is now the200dma barrier at 1.4215.