21 Jul 2015
EUR/USD sold at 1.0970
FXStreet (Cocoa) - After rising over 150 pips from 1.0810, the EUR/USD found selling interest at the 1.0970 area as the pair was unable to maintain high and now it's trading back at 1.0950.
The EUR/USD is tradin near to 1-week highs as investors are selling the US Dollar today. The US Dollar Index $DXY is trading 0.83% negative in the day at 97.25. Currently, EUR/USD is trading at 1.0952, up 1.15% on the day, having posted a daily high at 1.0969 and low at 1.0812.
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
EUR/USD Forecast
According to the EUR/USD Forecast Poll, the EUR/USD is expected "to move sideways for a month before sliding towards 1.0600."
As ForexCrunch analyst affirmed, "assuming a calm over Greece, monetary policy divergence plays a key role." So market could expect further declines in the EUR/USD.
EUR/USD levels
If the pair extends rejection of the 1.0970, it will find next supports at 1.0900, 1.0860 and 1.0810. To the upside, resistances are at 1.0970, 1.1000 and 1.1030.
The EUR/USD is tradin near to 1-week highs as investors are selling the US Dollar today. The US Dollar Index $DXY is trading 0.83% negative in the day at 97.25. Currently, EUR/USD is trading at 1.0952, up 1.15% on the day, having posted a daily high at 1.0969 and low at 1.0812.
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
EUR/USD Forecast
According to the EUR/USD Forecast Poll, the EUR/USD is expected "to move sideways for a month before sliding towards 1.0600."
As ForexCrunch analyst affirmed, "assuming a calm over Greece, monetary policy divergence plays a key role." So market could expect further declines in the EUR/USD.
EUR/USD levels
If the pair extends rejection of the 1.0970, it will find next supports at 1.0900, 1.0860 and 1.0810. To the upside, resistances are at 1.0970, 1.1000 and 1.1030.