EUR/USD approaching 1.3400 level again - FXStreet

By FXstreet.com | August 15, 2014 AAA

FXStreet (Łódź) - As FXStreet Chief Analyst Valeria Bednarik observes, EUR/USD is moving closer to the 1.3400 level again, following the release of mixed US data on Friday.



Key quotes



"The hourly chart is showing price inside a symmetrical triangle with the roof around 1.3402 offering immediate short term resistance."



"Indicators in the same time frame aim higher above their midlines, while price stands above moving averages, all converging in the 1.3360/70 area, reflecting the lack of clear directional strength."



"In the 4 hours chart the pair also presents a mild positive tone, yet unless a clear advance beyond 1.3440 buying at current levels remains risky."



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. EUR/USD Daily Outlook - September 19
    Investing

    EUR/USD Daily Outlook - September 19

  4. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center