EUR/USD breaks below 1.3400

By FXstreet.com | 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).



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD claws to 1.6100 ahead of Europe
    Forex News

    GBP/USD claws to 1.6100 ahead of Europe

  2. EUR/USD glued to 1.2755; triggers are wanted
    Forex News

    EUR/USD glued to 1.2755; triggers are wanted

  3. Asia recap: most majors are still sleeping in a ranges; JPY is weakening
    Forex News

    Asia recap: most majors are still sleeping in a ranges; JPY is weakening

  4. Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure
    Forex News

    Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure

  5. US Dollar Technical Analysis: Stalling at Channel Support
    Forex News

    US Dollar Technical Analysis: Stalling at Channel Support

Trading Center