EUR/USD: Bearish while below 1.3350 - 2ndSkies

By FXstreet.com | Updated August 26, 2014 AAA

FXStreet (Bali) - Chris Capre, Founder at 2ndSkies, remains bearish EUR/USD while the pair is below 1.3350.



Key Quotes



"As we wrote about in our weekly market commentary, we suspected the bearish pressure would remain."



"After losing a handle on the key support we mentioned in 1.3193, the pair rejected off of the intra-day, treating it as a role reversal level on Monday, then heading lower."



"For now, remain bearish while the pair is below 1.3350, and watch the price action around 1.3100 which is key support and may see some bulls step in."



Related Forex Analysis
  1. EUR/USD back near 1.2500
    Forex News

    EUR/USD back near 1.2500

  2. Oil prices falling harms ECB’s quest - BBH
    Forex News

    Oil prices falling harms ECB’s quest - BBH

  3. EUR/USD Rebound Vulnerable to Slowing German, Euro-Zone CPI
    Forex News

    EUR/USD Rebound Vulnerable to Slowing German, Euro-Zone CPI

  4. EUR reacting to ECB Conatncio - Scotiabank
    Forex News

    EUR reacting to ECB Conatncio - Scotiabank

  5. EUR/USD extends gains on weak USD
    Forex News

    EUR/USD extends gains on weak USD

Trading Center