FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD traded steadily between 1.3410 and 1.3430 being the 23.6% retracement of the 1.3639/1.3366 slide.



Key Quotes:



“The hourly chart shows 20 SMA turning lower and capping the upside for most of the last session, while indicators aim slightly lower below their midlines”.



“In the 4 hours chart price holds above a flat 20 SMA that offers dynamic support around 1.3400, while indicators lose upward potential still in positive territory, overall a weak technical stance that continues to favor the downside”.



“Support levels: 1.3405 1.3370 1.3335”.



“Resistance levels: 1.3440 1.3475 1.350”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Heavy Event Risk in Jobs Data, Rate Decision Will Confront Summer Trading

  2. Forex News

    US Dollar as ‘Data Dependent’ as the Fed as NFPs Approach

  3. Forex News

    Strategy Video: Am I Over or Under Trading, And How Do I Correct It?

  4. Forex News

    Nonfarm Payrolls coming up: expectations -TDS

  5. Forex News

    EUR/USD regains 1.10, Payrolls eyed

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!