EUR/USD gives up all the ground added after FOMC - FXStreet

By FXstreet.com | July 10, 2014 AAA

FXStreet Chief Analyst Valeria Bednarik observes that the EUR/USD gave up all the ground added after FOMC, with dollar and yen strongly up on risk aversion.



Key quotes



"Having warned on market complacency just yesterday, stocks entered a selling spiral that points for a strong and continued slide for today."



"As for the EUR/USD technical picture, the hourly chart shows price holding right above 1.3600 figure, while indicators lost some of the downward potential but remains well into negative territory."



"In the 4 hours chart indicators present a strong bearish tone, yet hover above their midlines, not yet signaling a continued slide."



"The base of the range at 1.3570/80 continues to be the level to break to confirm a continued slide in the pair."



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