The Dollar is recovering across the board after a weak start of the Asian session. Greenback is back on top of the opening levels testing important support / resistance zones. EUR/USD rebounded at 1.4735 and fell to 1.4710. The pair is still moving sideways. On the downside the next support lies at 1.4700/05 and below at 1.4680.
“EUR/USD also failed to elicit much fan-fare as the pair rallied to a session high by 1.4760/65 but crumbled back towards the 1.4720 area ahead of the close. We would expect further downside pressure if we break back below 1.4675 here short-term. “
EUR/USD (Oct 07 at 05:44 GMT)
H 1.4736 L 1.468
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4622 | 1.4659 | 1.4696 | 1.4706 | 1.4743 | 1.4780 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Oct 07 at 05:25 (15-minute timeframe) |
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