EUR/USD trading in tight range with positive tone - FXStreet

By FXstreet.com | July 28, 2014 AAA

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that in today’s uneventful beginning of the US session EUR/USD is trading in a tight 20 pips range with a slightly positive tone in the hourly chart.



Key quotes



“Price stands above its 20 SMA and indicators in positive territory, albeit with no directional strength.”



“In the 4 hours chart the technical picture is still bearish, with indicators turning lower in negative territory, after correcting oversold readings, while price develops below a strongly bearish 20 SMA.”



“In case of recoveries, 1.3475 should cap the upside attracting sellers, yet a break below 1.3410 should accelerate the slide.”



comments powered by Disqus
Related Forex Analysis
  1. SEB: EUR/USD sellers just above resistance - eFXnews
    Forex News

    SEB: EUR/USD sellers just above resistance - eFXnews

  2. USD/JPY shows another attempt to reach recent highs
    Forex News

    USD/JPY shows another attempt to reach recent highs

  3. EUR/GBP testing the range bottom before the UK data
    Forex News

    EUR/GBP testing the range bottom before the UK data

  4. EUR/USD Forex Signal - September 17
    Investing

    EUR/USD Forex Signal - September 17

  5. What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank
    Forex News

    What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank

Trading Center