EUR/USD back below 1.3600 - FXStreet

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Łódź) - Following the release of US PCE, which showed a slight rise in the core and the headline figures, FXStreet Chief Analyst Valeria Bednarik notes that the EUR/USD dropped below the 1.3600 level again.



Key quotes



"The failure at 1.3650 indeed is pretty significant, as the retracement of the critical resistance back towards the lows of the range."



"The hourly chart shows price broke below the ascendant trend line coming from Jun 16th low of 1.3512, while indicators head lower below their midlines with a strong downward momentum."



"In the 4 hours chart indicators are also biased lower yet now in neutral territory, meaning further confirmation is required for a bearish run."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD treading water around 1.0750

  2. Forex News

    EUR/USD could see another bullish attempt – Westpac

  3. Forex News

    Forex Top Movers: US dollar on the offensive; Yen advances

  4. Forex News

    EUR/USD faded the spike to 1.0780

  5. Forex News

    EUR/USD pulled down by EZ inflation and Greece – FXStreet

Trading Center