EUR/USD below 1.3675 Asia support

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Bali) - EUR/USD is trading at 1.3672, down -0.05% on the day, having posted a daily high at 1.3683 and low at 1.3669.



Headlines by Manuel Valls, French Prime Minister, speaking in an interview in Les Echos, has caused the Euro to retreat some 5/10 odd pips, after Valls said that the ECB needs to go further on the euro and that ECB monetary policy can’t just focus on interest rates, adding that an overvalued euro does not do any good for growth and industry.



The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 23.82, down from the last hourly print at 45.37, with ADX at 32.72, up from its previous close at 25.20. Daily RSI sits at 57.15, in neutral territory.



You May Also Like

Related Forex Analysis
  1. Investing

    EUR/USD: 2015 Forex Forecast

  2. Forex News

    Euro Flounders at Yearly Lows as Likelihood of ECB QE Increases

  3. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

  4. Forex News

    US session recap: USD index and stocks rally for record highs

  5. Forex News

    US Dollar Targets Fresh Highs versus Euro, but What Could Change?

Trading Center