EUR/USD remains in negative territory - FXStreet

By FXstreet.com | August 07, 2014 AAA

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained the performance of EUR/USD in the US session.



Key Quotes:



“The EUR/USD flirted with this year low before bouncing, contained inside a daily descendant channel coming from 1.3627, July 14th daily high, with the roof of the figure converging with 100 SMA in the hourly chart around 1.3390 and immediate resistance”.



“In the same time frame 20 SMA heads lower above current price, while indicators head slightly higher still in oversold levels, all of which suggest current advance will remain short lived”.



“In the 4 hours chart momentum heads lower in negative territory, while moving averages stand well above current price, all of which supports the shorter term view”.



“Support levels: 1.3335 1.3295 1.3250”.



“Resistance levels: 1.3395 1.3430 1.3475”.



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD claws to 1.6100 ahead of Europe
    Forex News

    GBP/USD claws to 1.6100 ahead of Europe

  2. EUR/USD glued to 1.2755; triggers are wanted
    Forex News

    EUR/USD glued to 1.2755; triggers are wanted

  3. Asia recap: most majors are still sleeping in a ranges; JPY is weakening
    Forex News

    Asia recap: most majors are still sleeping in a ranges; JPY is weakening

  4. Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure
    Forex News

    Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure

  5. US Dollar Technical Analysis: Stalling at Channel Support
    Forex News

    US Dollar Technical Analysis: Stalling at Channel Support

Trading Center