EUR/USD resistance at 1.4000, support at 1.3880

On Wednesday (October 26), in the Asian market, the euro/dollar maintained its pattern of movement in a narrow range and is currently trading at 1.3923. Tuesday (October 25) closed at 1.3909, down 0.14%.

Despite the recent negative news related to Europe’s response to the debt crisis, a major Japanese bank dealer stated that the EUR/USD resistance is located at 1.4000, and the exchange rates have stopped here in the past two days.

And said that the euro/dollar support is expected to be located near 1.3880, that is, the 5-day moving average cut-in, the next support expected at 1.3800.

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