EUR/USD resting up ahead of further barriers

By FXstreet.com | August 29, 2014 AAA

FXStreet (Guatemala) - EUR/USD is trading at 1.3138, down -0.33% on the day, having posted a daily high at 1.3197 and low at 1.3134.



EUR/USD has extended the downside through the 1.3150 barrier and it has printed a lower low. However, it is now consolidating ahead of the close for the week. There is talk of further barrier option interest ahead of the 1.30’s, particularly at 1.3125 and 1.3100.



EUR/USD hourly levels



Current price is 1.3139, with resistance ahead at 1.3154 (Daily Classic S1), 1.3160 (Yesterday's Low), 1.3168 (Monthly Low), 1.3168 (Weekly Low) and 1.3168 (YTD Low). Next support to the downside can be found at 1.3126 (Daily Classic S2), 1.3120 (Annual Low), 1.3107 (Weekly Classic S2) and 1.3092 (Daily Classic S3).



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