EUR/USD resting up ahead of further barriers

By FXstreet.com | Updated 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).



You May Also Like

Related Forex Analysis
  1. Investing

    EUR/USD: 2015 Forex Forecast

  2. Forex News

    Euro Flounders at Yearly Lows as Likelihood of ECB QE Increases

  3. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

  4. Forex News

    US session recap: USD index and stocks rally for record highs

  5. Forex News

    US Dollar Targets Fresh Highs versus Euro, but What Could Change?

Trading Center