EUR/USD worst performer on Wednesday - FXStreet

By FXstreet.com | Updated July 30, 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.”



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Into the Storm: US ADP, ISM Services Start Three Day Data Blitz

  2. Forex News

    Session Recap: USD stronger, EUR in fresh lows

  3. Forex News

    US ADP employment sees a small downside risk – BMTU

  4. Forex News

    EUR/USD poised to break below 1.1100 – FXStreet

  5. Forex News

    EUR/USD depressed around 1.1130

Trading Center