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30 Sep 2014
EUR/USD finds resistance at 1.2635
FXStreet (Córdoba) - Greenback lost momentum against European currencies after Wall Street opening bell and trimmed gains. EUR/USD extended the recovery and rose to 1.2634. Then made a small pullback but managed to hold above 1.2600.
Currently the pair is approaching session highs and trades at 1.2630. Despite moving off session lows is still 55 pips below yesterday’s closing price, headed toward the lowest daily close since September 5.
EUR/USD third monthly decline
The euro is about to post the third monthly decline in a row against the US dollar. The last time it fell for three consecutive months was in 2011, during the European debt crisis. So far EUR/USD is down more than 500 pips in September, the worst performance since February 2013.
Currently the pair is approaching session highs and trades at 1.2630. Despite moving off session lows is still 55 pips below yesterday’s closing price, headed toward the lowest daily close since September 5.
EUR/USD third monthly decline
The euro is about to post the third monthly decline in a row against the US dollar. The last time it fell for three consecutive months was in 2011, during the European debt crisis. So far EUR/USD is down more than 500 pips in September, the worst performance since February 2013.