Forex: EUR/USD declines below 1.2850 (San Francisco) - After trading in a small range between 1.2850 and 1.2860 in the second part of the American session, the EUR/USD has declined a bit to trade below the range at the current 1.2845. The pair is consolidating levels after peaking to 1.2870.

With 0.33% daily gains, the EUR/USD is trading slightly bullish according to the Forex studies. Indicators such as MACD, CCI and Momentum are bullish while the Stochastic is bearish.

The pair will face the next resistance at 1.2888 (MA200d) followed by 1.2890 (highMar.26) and finally 1.2901 (MA10d).
On the flip side, bellow of 1.2751 (low Mar.27) next support is 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.