EUR/USD consolidating around year lows ahead of Fed Minutes - FXStreet

By FXstreet.com | August 20, 2014 AAA

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that the EUR/USD fell to 1.3274 on Wednesday and is now consolidating around its year lows ahead of the publication of minutes from the last Fed monetary policy meeting.



Key quotes



"Technically the hourly chart shows 20 SMA with a strong bearish slope above current price, albeit indicators are slightly exhausted in oversold levels."



"Nevertheless, price seems to have no aims of correcting higher, while indicators in the 4 hours chart maintain a strong bearish momentum that support a continued decline."



comments powered by Disqus
Related Forex Analysis
  1. Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric
    Forex News

    Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric

  2. US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again
    Forex News

    US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again

  3. US Dollar Technical Analysis: Bullish Momentum Fading?
    Forex News

    US Dollar Technical Analysis: Bullish Momentum Fading?

  4. Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations
    Forex News

    Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations

  5. EUR/USD stuck at 1.2850, new triggers are wanted
    Forex News

    EUR/USD stuck at 1.2850, new triggers are wanted

Trading Center