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1 Jul 2014
EUR/USD retreats from highs
FXStreet (Córdoba) - The EUR/USD moved off highs and recently printed a fresh daily low at 1.3673. The euro weakened across the board after Wall Street opening bell.
Despite reaching fresh lows, price action remains steady with the EUR/USD still near 1.3700, that is an important short term resistance.
EUR/USD pulls back
The pair lost bullish momentum with the release of Eurozone economic data and also after being unable to break above 1.3700. Currently settles at 1.3679, down 0.07%. Today’s decline is a modest retreated from the key 1.3700 level, after rising almost 90 pips in the previous two trading days.
Despite reaching fresh lows, price action remains steady with the EUR/USD still near 1.3700, that is an important short term resistance.
EUR/USD pulls back
The pair lost bullish momentum with the release of Eurozone economic data and also after being unable to break above 1.3700. Currently settles at 1.3679, down 0.07%. Today’s decline is a modest retreated from the key 1.3700 level, after rising almost 90 pips in the previous two trading days.