EUR/USD back around 1.3600 - FXStreet

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Łódź) - According to FXStreet Chief Analyst Valeria Bednarik the backdrop of EUR/USD compliments on weak PMI readings, has been reversed as the pair found buyers around 13570/80 static support zone.



Key quotes



"Back around 1.3600, the hourly chart shows current candle opened above a flat 20 SMA as indicators grind higher around their midlines, while the 4 hours chart maintains a neutral stance."



"Some action may come from US PMI readings, albeit market may wait until Tuesday’s data to decide where to go with the pair."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Investing

    EUR/USD Falls During Wednesday Trading

  2. Forex News

    EUR/USD hovers around 1.1300, German labour report in focus

  3. Forex News

    EUR/USD failure to break above 1.1320/15 – DayTradeIdeas

  4. Forex News

    EUR/USD steadies below 1.1300 post FOMC, German CPI eyed

  5. Forex News

    Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

Trading Center