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

    Forex Top movers: Euro is the leader, but losing steam; USD/RUB extends decline

  2. Forex News

    Tides are turning; USD to wash up on top - SG

  3. Forex News

    A selection in a technical snapshot - TDS

  4. Forex News

    Emerging market currencies stabilizing – BBH

  5. Forex News

    Dollar Likely to Hit New Highs, but Caution Advised For key Reasons

Trading Center