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EUR/USD bounces at 1.3370 and tests back 1.3400

FXStreet (San Francisco) - The Euro stopped declines at 1.3370 where the pair found support and it started to recover towards the 1.3400 area.

Currently, EUR/USD is trading at 1.3391, down -0.04% on the day, having posted a daily high at 1.3401 and low at 1.3372. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

EUR/USD levels

If the pair remains to rise, it would face next resistance at 1.3400 ahead of 1.3415. On the downside, supports are at 1.3365, 1.3300 and 1.3245.

EUR/USD maintains a heavy tone – Valeria Bednarik

Valeria Bednarik, Chief Analyst at FXStreet, notes that EUR/USD, currently at 1.33788, continues its decline on Thursday, following the disappointing CPI data released in the European morning.
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EUR/USD: too early to call for a turn - Scotiabank

Eric Theoret, analyst at Scotiabank, notes the EUR/USD holds a bearish short-term perspective and commented it is too early to call for a turn.
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