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Forex: EUR/USD falls below 1.3000

FXstreet.com (San Francisco) - The Euro is currently trading lower against the Greenback and after falling around 40 pips from 1.3030, the EUR/USD is trading below the 1.3000 mark, close to the 1.2980 region.

The EUR/USD is now trading at 1.2990, 0.57% below opening price. According to the FXstreet.com's trend index, the pair is strongly bearish with MACD, CCI and Momentum indicators pointing south while the Stochastic is bullish in the 15-minute chart.

Below the 1.3000, next support is 1.2972 (MA21d) ahead of 1.2963 (low Apr.8) en route to 1.2936 (MA200d). On the upside, a breakout of 1.3085 (high Apr.23) would expose 1.3130 (high Apr.19) and finally 1.3202 (high Apr.16).

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