EUR/USD finds support at 1.3595, back to 1.3620

FXStreet (San Francisco) - The Euro finally found support at the 1.3600 area against the US dollar as the pair is bouncing back to trade around 1.3620.

The EUR/USD fell around 55 pips from 1.3650 post US employment report to trade below the 1.3600 mark at 1.3595, lowest since June 26. Currently, EUR/USD is trading at 1.3614, down 0.33% on the day, having posted a daily high at 1.3665 and low at 1.3595.

The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

EUR/USD sentiment

EUR/USD is trading in consolidation mode around former support at 1.3620. If the pair manages to recover above this level, next resistances are at 1.3640 and 1.3660. On the downside, supports come at 1.3600, 1.3575 and 1.3560.

Jul 3, 2014

ECB holds monetary policy but remains alert - ING

Carsten Brzeski from ING observes that despite staying on hold in July, the ECB the obviously remains in a state of high alert and even presented a surprise for all ECB watchers.

ECB decision fairly uneventful - TD Securities

Jacqui Douglas, Senior Global Strategist at TD Securities, remarks that ECB's monetary policy decision was devoid of fireworks today , with nothing there to change the view on policy over the coming months and quarters.