EUR/USD threatens downside but focus else where

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - EUR/USD is trading at 1.3538, down -0.11% on the day, having posted a daily high at 1.3580 and low at 1.3521.



EUR/USD remains steady in sleepy markets towards the closing hours of this weeks session. Strategists at RBS, in respect of next week, explained the potentially offsetting forces of interest rate differentials moving against the EUR and expected reserve diversification demand and a widening current account surplus supporting EUR on a flow basis leaves us anticipating further EUR weakness is unlikely to be abrupt. “Euro-area events take a backseat to UK inflation and the FOMC meeting next week”.



EUR/USD Levels



Current price is 1.3538, with resistance ahead at 1.3546 (Daily Classic PP), 1.3546 (Hourly 20 EMA), 1.3552 (Hourly 100 SMA), 1.3552 (Daily Open) and 1.3573 (Yesterday's High). Next support to the downside can be found at 1.3537 (Weekly Classic S1), 1.3532 (Monthly Low), 1.3532 (Weekly Low), 1.3521 (Daily Low) and 1.3518 (Daily Classic S1).



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