EUR/USD depressed at 8-mont low ahead of EU PMI's

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Bali) - EUR/USD has been going nowhere fast the last 24 hours, with current rate at 1.3460 ahead of Euro zone PMI's later today.



As Peter Fell, Analyst at FXBeat, notes: "We have opened in Asia at 1.3462, solid sovereign demand remains at 1.3455 and of course the well documented 1.3450 barrier will provide further demand."



Below 1.3450 would target a move to 1.3400, November 2013 low, below there, 1.3374 is the 50% fib on the 1.2755 / 1.3993 rise. Resting sell orders remain between 1.3475/85 and more cited around 1.3500."



You May Also Like

Related Forex Analysis
  1. Forex News

    EUR/USD in wait and see mode – FXStreet

  2. Forex News

    EUR/USD unimpressed by US data

  3. Forex News

    Yesterday’s USD recovery continues today – BBH

  4. Forex News

    FOMC Preview and Trade Setups in EUR/USD, USD/JPY, AUD/USD

  5. Forex News

    EUR/USD losing charm – FXStreet

Trading Center