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."



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