EUR/USD returns below 1.1900

FXStreet (San Francisco) - The Euro's recovery from 1.1880 against the US Dollar found resistance at 1.1960 where the pair experienced selling interest that sent it back below 1.1900.

Currently, EUR/USD is trading at 1.1902, down 0.29% on the day, having posted a daily high at 1.1970 and low at 1.1884. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index also is neutral.

EUR/USD sentiment

According to FXStreet chief analyst Valeria Bednari, "the technical outlook continues to favor the downside, as the 1 hour chart shows price struggling around a flat 20 SMA but indicators heading lower in negative territory."

If the pair consolidates losses below the 1.1900, it will find next supports at 1.1880 and 1.1860. To the upside, resistances are at 1.1960, 1.2000 and 1.2030.