EUR/USD needs to break the range

By | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained EUR/USD early positive sentiment helped the pair reach a daily high of 1.3640.

Key Quotes:

“…but lack of self strength push the common currency back down against its American rival”.

“In the short term, the pair continues to lack direction with the hourly chart showing price hovering around 20, 100 and 200 SMAs all together at current price zone, a clear reflection of the absence of trend”.

“In the 4 hours chart the picture repeats, with moving averages in a 20 pips range also around current levels. The immediate range is 1.3570/1.3650 and unless a clear break of any of such extremes, the pair will hardly see any directional move over the upcoming days”.

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