EUR/USD worst performer on Wednesday - FXStreet

By FXstreet.com | June 11, 2014 AAA

FXStreet (Barcelona) - Chief Analyst Valeria Bednarik remarks that EUR/USD trades barely changed on Wednesday, holding the title of worst performance of the day.



Key quotes



“After setting a lower low for the week at 1.3521, following bounced was short of 1.3570 immediate resistances, and price slowly grinded back lower in the US afternoon."



“Short term, the hourly chart shows price moving back and forth around its 20 SMA, while indicators returned to its neutral stance.”



“In the 4 hours chart technical readings maintain the pair biased lower, with indicators back down after correcting oversold readings, and 20 SMA extending further down currently acting as intraday resistance around mentioned 1.3570/80 area.”



“Risk remains to the downside, with critical support at 1.3476, this year low.”



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD claws to 1.6100 ahead of Europe
    Forex News

    GBP/USD claws to 1.6100 ahead of Europe

  2. EUR/USD glued to 1.2755; triggers are wanted
    Forex News

    EUR/USD glued to 1.2755; triggers are wanted

  3. Asia recap: most majors are still sleeping in a ranges; JPY is weakening
    Forex News

    Asia recap: most majors are still sleeping in a ranges; JPY is weakening

  4. Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure
    Forex News

    Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure

  5. US Dollar Technical Analysis: Stalling at Channel Support
    Forex News

    US Dollar Technical Analysis: Stalling at Channel Support

Trading Center