EUR/USD maintains a heavy tone – Valeria Bednarik

By FXstreet.com | Updated July 31, 2014 AAA

FXStreet (Łódź) - Valeria Bednarik, Chief Analyst at FXStreet, notes that EUR/USD, currently at 1.33788, continues its decline on Thursday, following the disappointing CPI data released in the European morning.

Key quotes



“Technically, the hourly chart shows price below its 20 SMA and indicators heading south in negative territory, while the 4 hours also presents a bearish stance, all of which keeps the pressure to the downside.”



“Nevertheless, market players may remain cautious ahead of Friday’s employment figures, but looking for more dollar gains if 1.3370 gives up."



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