EUR/USD steady, hovering around 1.3545

By FXstreet.com | June 17, 2014 AAA

FXStreet (Córdoba) - The EUR/USD remains steady after Wall Street closing bell, trading around 1.3545. The US dollar is about to end the day with a moderate gain versus the Euro, but continues to trade sideways in the short term.



The pair is about to post the sixth consecutive daily close between 1.3530 and 1.3570, as price action remains limited by a strong support above 1.3500 and the upside capped below 1.3600.



EUR/USD technical outlook



“Technically, the EUR/USD remains unchanged, with the downside favor as per holding near post ECB lows, close also to this year one”, says Valeria Bednarik, Chief Analyst at FXStreet.



According to Bednarik, the hourly chart shows price below moving averages, “with indicators heading south in negative territory, reflecting the dominant bearish tone”.



comments powered by Disqus
Related Forex Analysis
  1. AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation
    Forex News

    AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation

  2. USD/JPY bulls need to take a breath before a new attack at 110.00
    Forex News

    USD/JPY bulls need to take a breath before a new attack at 110.00

  3. Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low
    Forex News

    Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low

  4. GBP/USD nervous below 1.6200, waiting for data
    Forex News

    GBP/USD nervous below 1.6200, waiting for data

  5. Dollar’s Current Bull Leg Strongest since Rally Through Crisis
    Forex News

    Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Trading Center