EUR/USD extends decline to 1.2850

FXStreet (San Francisco) - The Euro is completing a 50-pips rejection from 1.2900 versus the US Dollar and now he pair is testing the 1.2850 area as the Greenback is trading on the defensive.

Currently, EUR/USD is trading at 1.2857, up 0.05% on the day, having posted a daily high at 1.2902 and low at 1.2843. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

EUR/USD sentiment

"The dollar is rebounded modestly across the board, recouping early losses," says Jamie Coleman from FXBeat. "Small bids are scattered down to the 1.2840 level, dealers say. Offers are seen at 1.2900/10."