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).



Related Forex Analysis
  1. Forex News

    EUR/USD trading end of November with mixed forward outlook - Scotiabank

  2. Forex News

    ECB: “What does T-LTRO 1 take-up mean?” - Rabobank

  3. Forex News

    Key ECB developments - BNP

  4. Forex News

    EUR/USD parked in lows near 1.2440

  5. Forex News

    As long as inflation is too low, the ECB will want to weaken the euro - Commerzbank

Trading Center