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EUR/USD finds support around 1.3510

FXstreet.com (Edinburgh) – The intraday decline in the EUR/USD seems to have found decent support around the 1.3510/00 area on Monday.

EUR/USD rebounds to 1.3520

While still in the red territory, the pair is now attempting a bounce to the 1.3520/25 region, as market participants now focus on the US housing data and the Dallas Fed manufacturing index. Following ECB’s officials comments regarding the recent rate cut in response to growing disinflationary pressures, Currency Analyst Lee Hardan at BTMU suggested, “Further easing will likely be required to weaken the euro with the recent refi cut having little impact upon the euro …read more