EUR/USD reinforcing a bearish bias?

By FXstreet.com | Updated July 30, 2014 AAA

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).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD far from being done - JPMorgan

  2. Forex News

    EUR/USD: Bearish below 1.10-1.11 - 2ndSkies

  3. Forex News

    EUR/USD Technical Analysis: Pullback Pauses at Trend Line

  4. Forex News

    EUR/USD: Medium term outlook bearish - FXStreet

  5. Forex News

    Euro Relief Rally May Hit Wall as Market Refocuses on EZ CPI, US NFPs

Trading Center