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9 Feb 2015
EUR/USD finds sellers at 1.1350
FXStreet (San Francisco) - The Euro's bounce against the US Dollar at 1.1270 was stopped at 1.1350 where the pair found sellers that sent it back to 1.1315.
Currently, EUR/USD is trading at 1.1321, up 0.01% on the day, having posted a daily high at 1.1360 and low at 1.1270. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/USD sentiment
Despite the Greece situation, "the EUR/USD however, has become overcrowded to the downside, as the latest COT report shows shorts stand at the second record high," as FXStreet chief analyst Valeria Bednarik comments.
If the pair extends decline, it will find next supports at 1.1310, 1.1300 and 1.1270. To the upside, resistances are at 1.1350, 1.1375 and 1.1400.
Currently, EUR/USD is trading at 1.1321, up 0.01% on the day, having posted a daily high at 1.1360 and low at 1.1270. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/USD sentiment
Despite the Greece situation, "the EUR/USD however, has become overcrowded to the downside, as the latest COT report shows shorts stand at the second record high," as FXStreet chief analyst Valeria Bednarik comments.
If the pair extends decline, it will find next supports at 1.1310, 1.1300 and 1.1270. To the upside, resistances are at 1.1350, 1.1375 and 1.1400.