Fxstreet.com (Buenos Aires) – After the first spike to 1.4375 following rising stocks that hit fresh year highs with a better than expected housing data in the U.S., EUR/USD sunk under 1.4300 and reached support at 1.4280.
Pair reversal points for further downside corrections, with next key support at 1.4250; if this last gives up, expect the pair to approach to the 1.4200 area. Now 1.4310 has turned into first resistance to consider, ahead of 1.4340 area; break above today’s high of 1.4375 seems unlikely at this point.
