18 May 2015
EUR/USD falls below 1.1350
FXStreet (Cocoa) - The Euro is extending its decline versus the US Dollar as the pair is under pressure by the DXY bounce from lows. After falling 75 pips from 1.1420 in the latest couple of hours, the EUR/USD broke below 1.1350.
Currently, EUR/USD is trading at 1.1342, down 0.93% on the day, having posted a daily high at 1.1451 and low at 1.1340. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.
EUR/USD forecast
According to the FXStreet EURUSD forecast poll, "EUR/USD investors refuse to give up in the long term bearish outlook, and despite EUR sustained gains, they wait for the pair to return to sub 1.1000 levels."
However, according to Analyst and Full Time Trader at Admiral Markets Nenad Kerkez, "until we see a DAILY close below 1.1065 EURUSD is buy the dips mode."
EUR/USD levels
If the pair extends consolidate levels below 1.1350, it will find supports at 1.1325, 1.1300 and 1.1260. To the upside, resistances are at 1.1360, 1.1400 and 101420.
Currently, EUR/USD is trading at 1.1342, down 0.93% on the day, having posted a daily high at 1.1451 and low at 1.1340. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.
EUR/USD forecast
According to the FXStreet EURUSD forecast poll, "EUR/USD investors refuse to give up in the long term bearish outlook, and despite EUR sustained gains, they wait for the pair to return to sub 1.1000 levels."
However, according to Analyst and Full Time Trader at Admiral Markets Nenad Kerkez, "until we see a DAILY close below 1.1065 EURUSD is buy the dips mode."
EUR/USD levels
If the pair extends consolidate levels below 1.1350, it will find supports at 1.1325, 1.1300 and 1.1260. To the upside, resistances are at 1.1360, 1.1400 and 101420.