EUR/USD steady on same old, same old Draghi

By FXstreet.com | Updated July 30, 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).



Related Forex Analysis
  1. EUR/USD: Bearish pressure to persist while below 1.24 - FXStreet
    Forex News

    EUR/USD: Bearish pressure to persist while below 1.24 - FXStreet

  2. Latest Promise of Easing from ECB Keeps Euro Rebound at Bay
    Forex News

    Latest Promise of Easing from ECB Keeps Euro Rebound at Bay

  3. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  4. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  5. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

Trading Center