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

By FXstreet.com | Updated July 30, 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."



You May Also Like

Related Forex Analysis
  1. Forex News

    EUR/USD trades uneventful, near its daily high of 1.2272 โ€“ FXStreet

  2. Forex News

    EUR/USD bounces off 1.2250; back to 1.2270

  3. Forex News

    EUR is up off its lows, focus still on ECB QE โ€“ Scotiabank

  4. Forex News

    Price & Time: Focus Turns to Key Long-Term Retracement in EUR/USD

  5. Forex News

    Sell EUR/USD again on upticks โ€“ Growth Aces

Trading Center