FXstreet.com (Barcelona) - EUR/USD has broken 1.4000 key support in the early European morning after the Yesterday PBOC comments. During the Asian session, pair has been trading in a small range between 1.4000/30, but in the last hour EUR/USD has fallen around 50 pips from 1.4032 to post intra-day low at 1.3983, continuing its declining from 1.4118, June 26 high.
Today, the pair is falling 0.50% from opening price action to the current 1.3990/1.4000.
Last week, EUR/USD rose 0.90% from Monday opening price at 1.3950 to close 1.4068 on Friday. Pair reached 1.4138 as intra-week high and 1.3826 as intra-week low.
PBOC comments about its policy on keeping Dollar as foreign reserve currency for now has eased concern on Greenback, putting higher. Zhou Xiaochuan said: "our forex reserve policy is always quite stable... there are not any sudden changes"
EUR/USD (Jun 29 at 14:52 GMT)
1.4061/63 (-0.01%)
H 1.408 L 1.398
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4034 | 1.4043 | 1.4052 | 1.4070 | 1.4079 | 1.4088 |
| [?]Trend Index | [?]OB/OS Index |
| Bullish | Neutral |
| Data updated on Jun 29 at 14:50 (15-minute timeframe) | |
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