EUR/USD marking fresh lows - FXStreet

By FXstreet.com | Updated August 18, 2014 AAA

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD gave up further ground this Monday, down to a daily low of 1.3352.



Key Quotes:



“…with the downside limited by a general positive move that drove stocks higher and thus kept high yielders on demand”.



“But for the common currency, it was just enough to prevent fresh year lows, as the EUR remains in selling mode”.



“Technically, the pair continued to move back and forth in its latest range, closer to the base set at 1.3332, entering Asian session with the hourly chart showing price below moving averages and indicators in oversold levels. In the 4 hours chart the technical picture is mild bearish but still neutral, situation that will extend as long as price maintains the 1.3330/1.3440 range”.



“Support levels: 1.3370 1.3330 1.3295”.



“Resistance levels: 1.3405 1.3440 1.3485 “.



You May Also Like

Related Forex Analysis
  1. Forex News

    Swiss Franc Sinks as SNB Surprises with Negative Interest Rates

  2. Forex News

    EUR/USD likely to test 1.2371-1.2390 levels - FXStreet

  3. Forex News

    EUR/USD trades near 1-week lows, German data in focus

  4. Forex News

    EUR/USD failed at cloud resistance – Commerzbank

  5. Forex News

    Short EUR/USD, long USD/CAD – Nomura

Trading Center