The euro has been trading slightly higher against the US dollar in the forex markets today after reversing early declines. The EUR/USD, which fell by approximately 110 pips yesterday, opened the day at the 1.3227 exchange rate and fell behind early this morning to touch an intraday low point of 1.3180.
The common currency has made a comeback in the American trading session to currently trade at the 1.3262 level, according to currency data from Oanda near the end of the US trading session. The advance brings the euro’s gain against the dollar on the day to approximately 35 pips.
EUR/USD Daily Chart – The pair has resistance above near the 1.3300 exchange rate while possible support lies below in the form of the 200-day moving average (white line) at 1.3120.
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