FXstreet.com (Barcelona) - After finding support at 1.3805, the Euro recovery against the Greenback has tested the 1.3860 in a 60 pips increases in the last hour. The pair is trading around 1.3840/50, 0.90% below today's opening price.
Lena Manousarides, analyst at SpikeCharts, asks us about how long will be the Dollar strong?: "The dollar continues to dominate against the euro and the pound, as EUR/USD broke important 1.39 and GBP/USD is trading below 1.59 at time of writing... The EUR/USD continued to slide and the pair did not even stop at important 1.3930 but broke on the downside after the market open. Next support level lies at 1.38 ahead of 1.3760. The pair needs to keep those levels in tact for any recovery hope, however clear break of 1.38 may indicate that the euro could fall even more in the coming days. As long as the pair keeps 1.40 untouched, the downside may prevail."
Lena Manousarides, analyst at SpikeCharts, asks us about how long will be the Dollar strong?: "The dollar continues to dominate against the euro and the pound, as EUR/USD broke important 1.39 and GBP/USD is trading below 1.59 at time of writing... The EUR/USD continued to slide and the pair did not even stop at important 1.3930 but broke on the downside after the market open. Next support level lies at 1.38 ahead of 1.3760. The pair needs to keep those levels in tact for any recovery hope, however clear break of 1.38 may indicate that the euro could fall even more in the coming days. As long as the pair keeps 1.40 untouched, the downside may prevail."
