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. SEB: EUR/USD sellers just above resistance - eFXnews
    Forex News

    SEB: EUR/USD sellers just above resistance - eFXnews

  2. USD/JPY shows another attempt to reach recent highs
    Forex News

    USD/JPY shows another attempt to reach recent highs

  3. EUR/GBP testing the range bottom before the UK data
    Forex News

    EUR/GBP testing the range bottom before the UK data

  4. EUR/USD Forex Signal - September 17
    Investing

    EUR/USD Forex Signal - September 17

  5. What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank
    Forex News

    What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank

Trading Center