EUR/USD hits fresh lows, approached 1.3150

By FXstreet.com | August 26, 2014 AAA

FXStreet (Córdoba) - The EUR/USD broke below 1.3185 and fell to 1.3163, hitting a fresh low since September 2013. Price remain near the bottom, under pressure as the US dollar holds bullish momentum against European currencies.



According to Jamie Coleman, from FXBeat the 1.3105 is the near term downside target, that sees a barrier around 1.3150. “Barriers are rumored along the way, though not much money has been used to protect barriers of late. The trend has been just too strong…”.



EUR/USD continues to slide

The EUR/USD printed a fresh 2014 low for the sixth trading day in a row and continues to point lower. Economic data from the Eurozone and expectations about a new purchase program by the European Central Bank, triggered after Draghi’s speech at Jackson Hole, continue to weigh in the Euro.



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