FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov points out that the USD remains strong on onday with the EUR falling below 1.3450 support and now consolidating inside the main support area between 1.3420 and 1.3450.

Key quotes



“It is expected the pair to test 1.3400. EUR is bearish on all time frames except Weekly and Monthly.”



“The resistance area is 1.3445-1.3455 and if broken the target will be 1.3475-85.”



“To the downside breaking of 1.3400 may lead to another drop to 1.3300.”



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Greek optimism hitting brick wall - BBH

  2. Forex News

    EUR/USD re-focused on 1.1000

  3. Forex News

    Key take away fundamentals for US ad EZ - BNP

  4. Forex News

    EUR/USD drops further on Yellen

  5. Forex News

    USDOLLAR Rebound Vulnerable to 1Q GDP Contraction

Trading Center