EUR/USD unable to rise back above 1.3200

By | Updated 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.”

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