EUR/USD breaks below 1.3400

By FXstreet.com | Updated August 05, 2014 AAA

FXStreet (Córdoba) - The EUR/USD finally broke below the 1.3400 level and stretched to fresh lows during the European session, having retraced most of last Friday’s gains.



The EUR/USD pierced below 1.3400 and printed a fresh low of 1.3384 so far despite in line with expectations Eurozone PMI and retail sales. At time of writing, the pair is trading at the 1.3390 zone, recording a 0.22% loss on the day.



EUR/USD levels to watch



In terms of technical levels, the EUR/USD could find next supports at 1.3378 (Aug 1 low) ahead of 1.3366 (2014 low Jul 30). On the other hand, resistances are seen at 1.3425 (10-day SMA), 1.3444 (Aug 1 high) y 1.3475 (Jul 25 high).



You May Also Like

Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  3. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  4. US Session: The market left shell-shocked on Draghi
    Forex News

    US Session: The market left shell-shocked on Draghi

  5. EUR/USD back into the bears den, downside wide open
    Forex News

    EUR/USD back into the bears den, downside wide open

Trading Center