Forex: EUR/USD hovering over 1.3400
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The single currency is orbiting around the key level at 1.3400 ahead of the opening bell in London, trading almost flat from Thursday's close.
Demand for the euro remains depressed on Friday, still under the sedative effects of Draghi's dovish press conference after the ECB left its monetary policy unchanged.
As of writing, the cross is up 0.02% at 1.3402, with the next resistance at 1.3494 (low Feb.6) followed by 1.3523 (MA10d) and finally 1.3577 (high Feb.7).
On the flip side, support levels lie at 1.3355 (Kijun Line) ahead of 1.3349 (low Jan.25) and 1.3265 (low Jan.23).
Demand for the euro remains depressed on Friday, still under the sedative effects of Draghi's dovish press conference after the ECB left its monetary policy unchanged.
As of writing, the cross is up 0.02% at 1.3402, with the next resistance at 1.3494 (low Feb.6) followed by 1.3523 (MA10d) and finally 1.3577 (high Feb.7).
On the flip side, support levels lie at 1.3355 (Kijun Line) ahead of 1.3349 (low Jan.25) and 1.3265 (low Jan.23).
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