EUR/USD trading below the 1.3400 early US session - FXStreet

By FXstreet.com | Updated August 11, 2014 AAA

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik remarks that following a slid to a daily low of 1.3382, EUR/USD continues trading below the 1.3400 level.

Key quotes



"The hourly chart shows price below a bearish 20 SMA while indicators stand directionless in negative territory, reflecting the little interest over the pair at the time being."



"In the 4 hours chart price found support in a flat 20 SMA around 1.3375, while indicators turned lower and approach their midlines."



"The immediate support stands at 1.3370 and a break below should see the pair retesting recent lows around 1.3330, albeit further range is expected at least until Asian session."



You May Also Like

Related Forex Analysis
  1. Forex News

    EUR/USD stays up after mixed US data

  2. Forex News

    Forex Top Movers: US counterattack in the 'currency war;' USD tumbles

  3. Forex News

    EUR/USD pushes higher to 1.1380

  4. Forex News

    Disappointing US data may cause EUR/USD to climb back above 1.13 – TDS

  5. Forex News

    EUR/USD assaulting 1.1300, again

Trading Center