comments: "The pair is on a recovery move this European morning, still in low volatility and currently trading at 1.3990. We expect more of this recovery to come today, leading to marks around 1.4050."


For more information, read our latest forex news.
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Forex: EUR/USD rebounds at 1.3980, back above 1.4000

FXstreet.com (Barcelona) - After capping its recovery from 1.3928 at 1.4028 and falling around 50 pips to trade below to 1.4000, EUR/USD has been rebounded from 1.3980 to levels close to 1.4015 in the last hour. Currently the pair is trading around 1.4005/15, posting 0.35% daily gains from opening price.

George Clement, analyst at Swiss e Trade, comments: "The pair is on a recovery move this European morning, still in low volatility and currently trading at 1.3990. We expect more of this recovery to come today, leading to marks around 1.4050."


For more information, read our latest forex news.

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