EUR/USD steady on same old, same old Draghi

By FXstreet.com | July 14, 2014 AAA

FXStreet (Guatemala) - EUR/USD is trading at 1.3611, up 0.03% on the day, having posted a daily high at 1.3641 and low at 1.3598.



EUR/USD has been consolidating the downside from 1.3641 and markets have been keeping an ear on Draghi who has been speaking. Much of what he has said has already been priced in from previous commentary at previous ECB press conferences, such as rates to stay at present or lower levels for extended period of time. The EUR/USD has thus remained steady throughout the speech.



EUR/USD Levels



Spot is presently trading at 1.3611, and next resistance can be seen at 1.3612 (Weekly Classic PP), 1.3615 (Hourly 100 SMA), 1.3616 (Hourly 20 EMA), 1.3617 (Hourly 200 SMA) and 1.3621 (Daily 20 SMA). Next support to the downside can be found at 1.3608 (Daily Classic PP), 1.3605 (Weekly Low), 1.3599 (Daily Open), 1.3598 (Daily Low) and 1.3592 (Yesterday's Low).



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY desperate to move away from 107.00
    Forex News

    USD/JPY desperate to move away from 107.00

  2. US Dollar Technical Analysis: Readying to Resume Uptrend?
    Forex News

    US Dollar Technical Analysis: Readying to Resume Uptrend?

  3. GBP/USD goes nowhere ahead of retail sales report
    Forex News

    GBP/USD goes nowhere ahead of retail sales report

  4. EUR/JPY Technical Analysis: Former Resistance Now Support
    Forex News

    EUR/JPY Technical Analysis: Former Resistance Now Support

  5. GBP/JPY Technical Analysis: Pound Sold vs. Japanese Yen
    Forex News

    GBP/JPY Technical Analysis: Pound Sold vs. Japanese Yen

Trading Center