EUR/USD bounces from low of 1.3315 (Barcelona) – The EUR/USD steadily inched lower by mid-day over New York, touching a fresh daily minimum in 1.3315 most recently. The pair seems to have found firm support however around 1.3320 and is currently bouncing slightly to the upside, trading around 1.3335 at time of writing.

With the week quickly coming to an end, Andrei Tratseuski of Forex Club recommends: “Currently, we believe that resistance of 1.3450 will act as a strong point as it’s the highest level reached this year and a 2nd Standard Deviation. On the downside, we hold support at 1.3300 being the 1st Standard Deviation of Bollinger Bands.”


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