FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik points out that investors concentrate currently on bond markets, as after the last ECB meeting local yields can’t stop falling, some paying even less that US ones, currently rising near 2.5%, while the EUR/USD remains under pressure, trading at its lowest level in three days.



Key quotes



“The hourly chart shows a strong bearish acceleration sent indicators to oversold levels where it stand, while 20 SMA gain a strong bearish slope offering now resistance around critical 1.3570 price zone.”



“The 4 hours chart shows also a strong bearish momentum, with indicators finally moving away from neutral readings."



"1.3520 comes as immediate support, and once broken, the pair has room to extend down to 1.3476, this year low.”



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD forecast: stuck in range – Commerzbank and OCBC Bank

  2. Forex News

    EUR/USD in flat-lining around 1.0950

  3. Forex News

    EUR/USD Technical Analysis: Support Below 1.09 in Focus

  4. Forex News

    Trading Video: Dollar Rate View Cools, Risk and Aussie Dollar Look to Carry Banner

  5. Forex News

    EUR/USD print new lows, en-route to 1.09

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!