EUR/USD bounces back above 1.3800

FXStreet Team FXStreet

FXStreet (Córdoba) - The EUR/USD fell briefly below 1.3800 following mixed US data but quickly bounced to trade nearly flat on the day.

The EUR/USD fell to a low of 1.3790 but found support and managed to regain the 1.3800 mark. At time of writing, the EUR/USD is trading at 1.3815, little changed since opening. From a wider perspective however, the EUR/USD continues to trade within this week's range lacking follow-through either side of the board. In the macroeconomic domain, US durable goods orders came in above expectations while Draghi sounded quite dovish earlier today.

EUR/USD levels to watch

In terms of technical levels, next supports are seen at 1.3790 (Apr 24 low), 1.3736 (Apr 8 low) and 1.3700 (psychological level). On the flip side, resistances are seen at 1.3842 (Apr 24 high), 1.3854 (Apr 23 high), 1.3864 (Apr 17 high) and 1.3880 (Apr 11 closing price).

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FXStreet

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