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Forex pairs in this Article » EUR/USD (Edinburgh) - The earlier attempt to the 1.3180/85 region has proved to be unsuccessful, as the EUR/USD run out of steam and dipped again to fresh lows below 1.3160.

EUR/USD mired in the red territory

The bearish sentiment continues to push the pair to lower levels on Tuesday, as risk aversion remains the main catalyst behind increasing inflows into the greenback. “For EUR/USD we continue to prefer to sell rallies, although they may remain scarce in the near term. The next support below is spotted at 1.3135/45 where the 100-, and 200-day moving averages currently sit”, suggested analysts at TD Securities.

EUR/USD key levels

At the moment the pair is losing 0.07% at 1.3182 and a breakdown of 1.3144 (MA200d) would target 1.3115 (low Jul.22) en route to 1.3089 (low Jul.19). On the upside, the initial hurdle lines up at 1.3237 (high Sep.2) ahead of 1.3255 (high Aug.30) and finally 1.3298 (low Aug.22).
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