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Forex: EUR/USD trades back at intra-day lows

FXstreet.com (San Francisco) - After attempting to recover from the 1.3000 level, the EUR/USD was capped at 1.3050 following the Fed's Beige Book. Now the pair is trading at 1.3015, 1.20% below opening price. Pair is trading slightly bearish according to the FXstreet.com trend index.

Indicators such as MACD, CCI and Momentum are pointing lower while the Stochastic is bullish in the 1-hour chart. Next support is 1.3006 (low Apr.9) ahead the 1.2963 (low Apr.8) and the 1.2900 level. On the upside, resistance levels align at 1.3202 (high Apr.16) ahead of 1.3229 (50% of Feb. -Apr. slide) and finally 1.3319 (high Feb.25).

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