FXStreet (Guatemala) - EUR/USD is trading at 1.3582, down -0.09% on the day, having posted a daily high at 1.3597 and low at 1.3581.



EUR/USD has tailed away slightly with the greenback making some prominent ground in early Asia, extending its losses below 1.36 handle post last weeks early Non farm payrolls number. The price is continuing to develop below short term MA’s here and offers a bearish bias. If however as, Valeria Bednarik, chief analyst at FXStreet states, “steady gains” above the 1.3600 figure would likely favour a recovery up to 1.3640/50 strong static resistance area. “Yet risk remains to the downside, moreover on a break below 1.3575 price zone”.



EUR/USD Levels



Current price is 1.3582, with resistance ahead at 1.3583 (Daily Classic S1), 1.3585 (Yesterday's Low), 1.3595 (Daily Open), (Weekly Low) and 1.3597 (Hourly 20 EMA). Next support to the downside can be found at 1.3581 (Daily Low), 1.3570 (Daily Classic S2), 1.3556 (Daily Classic S3), 1.3553 (Weekly Classic S1) and 1.3532 (Monthly Low).



Related Forex Analysis
  1. Forex News

    EUR/USD spikes to 1.0940 on ADP

  2. Forex News

    EUR/USD pares losses, recovers to 1.0875

  3. Forex News

    EUR/USD keeps the red near 1.0850

  4. Forex News

    USDOLLAR Index Nears Flag Top as EUR/USD Loses Triangle Support

  5. Forex News

    EUR/USD consolidates near 1.0860

You May Also Like

COMPANIES IN THIS ARTICLE
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!