EUR/USD: 1.3620 is key resistance

By FXstreet.com | July 08, 2014 AAA

FXStreet (Guatemala) - EUR/USD is trading at 1.3611, down -0.01% on the day, having posted a daily high at 1.3614 and low at 1.3610.



Technically for EUR/USD, the hourly chart shows a mild positive tone, according to Valeria Bednarik, chief analyst at FXStreet, while the 4 hours chart also presents a bullish technical stance. “Some gains above mentioned 1.3620 may see the pair extending its advance up to 1.3660/80 area, while stops continue to grow below 1.3570 and if triggered, may finally see a bearish movement developing, eyeing 1.3476 this year low”.



EUR/USD Levels



Spot is presently trading at 1.3612, and next resistance can be seen at 1.3612 (Hourly 100 SMA), 1.3613 (Daily Open), 1.3614 (Daily High), 1.3618 (Daily Classic R1) and 1.3619 (Yesterday's High). Next support to the downside can be found at 1.3610 (Daily Low), 1.3606 (Hourly 20 EMA), 1.3597 (Daily Classic PP), 1.3595 (Weekly Low) and 1.3588 (Yesterday's Low).



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