EUR/USD unable to rise back above 1.3200

By FXstreet.com | August 25, 2014 AAA

FXStreet (Córdoba) - The EUR/USD is about to end Monday trading below 1.3200, posting the lowest daily close since September 6, 2013. Price moved sideways during most of the day, in a small trading range between 1.3210 and 1.3185, leaving a bearish gap open.



The Euro was among the worst performers in the currency market and is headed toward the fifth decline versus the US dollar out of the last six trading days.



EUR/USD technical levels



“Next major support is down at 1.3105, the bottom dating back nearly a year to early September 2013”, says Jamie Coleman from FXBeat. According to Coleman the 1.3295 level “remains important resistance on bear market rallies.”



comments powered by Disqus
Related Forex Analysis
  1. Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric
    Forex News

    Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric

  2. US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again
    Forex News

    US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again

  3. US Dollar Technical Analysis: Bullish Momentum Fading?
    Forex News

    US Dollar Technical Analysis: Bullish Momentum Fading?

  4. Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations
    Forex News

    Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations

  5. EUR/USD stuck at 1.2850, new triggers are wanted
    Forex News

    EUR/USD stuck at 1.2850, new triggers are wanted

Trading Center