EUR/USD marginally lower on FOMC

By FXstreet.com | August 20, 2014 AAA

FXStreet (Guatemala) - EUR/USD is trading at 1.3275, down -0.33% on the day, having posted a daily high at 1.3326 and low at 1.3274.



With the FOMC out, the dollar is marginally stronger on the idea that job gains could bring about a sooner hike although the gains are limited with many suggesting that the jobs market is far away from being normal yet. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. Currently RSI is at 50.05, up from the last hourly print at 30.97, with ADX at 13.82, down from its previous close at 31.42. Daily RSI sits at 31.65, in neutral territory



EUR/USD hourly levels



Spot is presently trading at 1.3275, and next resistance can be seen at 1.3299 (Hourly 20 EMA), 1.3300 (Daily Classic S1), 1.3304 (Weekly Classic S2), 1.3313 (Yesterday's Low) and 1.3320 (Monthly Low). Next support to the downside can be found at 1.3274 (Daily Low), 1.3273 (Weekly Classic S3), 1.3248 (Daily Classic S3) and 1.3120 (Annual Low).



comments powered by Disqus
Related Forex Analysis
  1. EUR/USD trading slightly up today close to 1.2660 - FXStreet
    Forex News

    EUR/USD trading slightly up today close to 1.2660 - FXStreet

  2. EUR/USD sticks to the range
    Forex News

    EUR/USD sticks to the range

  3. EUR/USD holds initial test of 1.2605 support - Commerzbank
    Forex News

    EUR/USD holds initial test of 1.2605 support - Commerzbank

  4. EUR/USD Doji Signals Bears Lacking Conviction At A Technical Barrier
    Forex News

    EUR/USD Doji Signals Bears Lacking Conviction At A Technical Barrier

  5. EUR/USD lies in wait at 1.2650
    Forex News

    EUR/USD lies in wait at 1.2650

Trading Center