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Forex pairs in this Article » EUR/USD (Guatemala) - EUR/USD remains quiet into the close sub1.3700 when the pair reversed the upside.

EUR/USD dropped from 1.3730 onto 1.3690 and continued lower on a grind that met a low of 1.3669. The pair has since formed a sideways channel and prefers to wait until next week before it can decide upon the next trend. The week has been turbulent with enough cross fire to stage a good enough back drop to what we might expect to come from the next couple of weeks. Besides the fundamentals, EUR/USD has seen a strong rebound from the 1.3525 support line. Karen Jones said, “Currently I am unable to rule out a break of 1.3705 for a run up to 1.3745/50 and possibly 1.3810 before we fail”.

EUR/USD Levels

The 20 DMA is 1.3640, the 50 DMA is 1.3676 and the 200 DMA is 1.3356. RSI (14) reads 44.42. Supports are ascending from 1.3581 and 1.3625. Spot is 1.3658 while resistances are 1.3670, 1.3685, 1.3699, 1.3729, 1.3776 and 1.3795.
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