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Forex: EUR/USD declines below 1.2850

FXstreet.com (San Francisco) - After trading in a small range between 1.2850 and 1.2860 in the second part of the American session, the EUR/USD has declined a bit to trade below the range at the current 1.2845. The pair is consolidating levels after peaking to 1.2870.

With 0.33% daily gains, the EUR/USD is trading slightly bullish according to the FXstreet.com Forex studies. Indicators such as MACD, CCI and Momentum are bullish while the Stochastic is bearish.

The pair will face the next resistance at 1.2888 (MA200d) followed by 1.2890 (highMar.26) and finally 1.2901 (MA10d).
On the flip side, bellow of 1.2751 (low Mar.27) next support is 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).

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