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EUR/USD finds support at 1.3300

FXstreet.com (San Francisco) – After falling hard from 1.3370 following the BoE’s Carney speech and winds of war from Syria, the EUR/USD has finally found support at the 1.3300 area with the pair bouncing back to trade at 1.3330.

Currently, it is trading around 1.3325, 0.50% negative on the day. Short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.

EUR/USD eyes key support

Immediate supports at 1.3300 (psychological level) and 1.3280 (Aug 14 high). IN the upside, …read more