FXstreet.com (Barcelona) - After reaching intra-day high at 1.4415 during the European session, the EUR/USD has decline to trade below 1.4400 level again, close to 1.4390. Currently the pair is trading around 1.4390/1.4400, 0.5% above today's opening price action at 1.4390.
Valeria Bednarik, FXstreet.com collaborator, comments: U.S. stocks market opened strongly up, while gold is losing the $ 1110/oz level, suggesting some dollar gains ahead of current session. Hourly indicators seem a bit exhausted to the upside, while 200 EMA keeps capping the upside. Still volume remains extremely thin and pair could exacerbate any rally; 4 hours charts show pair lost also upside momentum, with flat indicators. First strong support lies at the 1.4350 area, and seems unlikely pair accelerate to the downside, unless clear break under that level. To the upside, watch mentioned 200 EMA around 1.4410/20 area.