FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the pair sliding to September 2013 low around 1.3105.



Key Quotes



EUR/USD has so far slipped to an August low at 1.3179, close to the September 2012 high at 1.3173, while on its way to the 1.3105 September low and the psychological 1.3000 region”.



“Today the currency pair is likely to stabilise, however”.



“Resistance comes in along the breached support line at 1.3279 and around 1.3333/36 with further resistance being seen along the three month downtrend line at 1.3404”.



“While trading below here, downside pressure should be maintained”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD defends gains above 1.0900

  2. Forex News

    As Dollar Rally Cools USDJPY Nears 13-Year High and EURUSD Retreats

  3. Forex News

    Strategy Video: Matching Confidence to Risk for Better Returns

  4. Forex News

    EURUSD: Looking to sell on rallies - 2ndSkies

  5. Forex News

    EUR/USD lurched lower and hesitated

Trading Center