EUR/USD flirting with the 1.3600 figure - FXStreet

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that better than expected EMU Sentix Investor Confidence data propped up to euro on Monday.



Key quotes



"EUR/USD is flirting with the 1.3600 figure, having again found buyers in the 1.3575 price zone."



"Technically, the 4 hours chart has little to offer to buyers, with indicators barely correcting oversold levels before losing upward potential well into negative territory, while price develops well below moving averages."



"Some steady gains above 1.3620 immediate resistance as per being the 23.6% retracement of this year rally, are required to confirm a move higher, eyeing then 1.3650 price zone, and above 1.3680."



"Downward risk comes with a break below 1.3570, exposing first 1.3530 price zone, and if below this last, eyeing this year low of 1.3475."



You May Also Like

Related Forex Analysis
  1. Forex News

    Boxing Day Update: Euro and Yen trudge lower as Gold gains

  2. Forex News

    Boxing Day Update: Euro below $1.2200, as yen weakens

  3. Investing

    EUR/USD Failed to Hang Onto Gains

  4. Investing

    EUR/USD Q1 Forecast 2015

  5. Forex News

    Strategy Video: A Systemic Change in Market Conditions for 2015

Trading Center