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FXstreet.com (Crdoba) - The Euro failed to hold above 1.3700 against the Dollar and pulled back to 1.3670. EUR/USD tested daily highs but failed to break above 1.3715. The pair currently trades at 1.3672/75, 0.12% above today's opening price. To the downside, immediate support lies at 1.3640 (European session low) and below at 1.3620 (intra-day low).
"Technically speaking, the EUR/USD faces topside technical barriers in the form of multiple downtrend lines along with intraday, 2/5 highs. As for the downside, we've created a few new uptrend lines to serve as technical cushions along the psychological 1.35 level and May 2009 lows," the FastBrokers Research Team said.
Forex: EUR/USD pulls back to 1.3670
Posted 2/8/2010 1:37 PM ET by from FXstreet.com
"Technically speaking, the EUR/USD faces topside technical barriers in the form of multiple downtrend lines along with intraday, 2/5 highs. As for the downside, we've created a few new uptrend lines to serve as technical cushions along the psychological 1.35 level and May 2009 lows," the FastBrokers Research Team said.
