Here comes the Euro; testing the 200-hour MA at 1.3430

By FXstreet.com | August 01, 2014 AAA

FXStreet (San Francisco) - The EUR/USD jumped after the NFP from 1.3380 to break above the 1.3400 area and test the 200-hour MA at 1.3430.



Currently, EUR/USD is trading at 1.3417, up 0.20% on the day, having posted a daily high at 1.3434 and low at 1.3379. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.



EUR/USD level



If the pair manages to break the 1.3430, it would find resistances at 1.3440 and 1.3475. On the downside, supports are at 1.3400, 1.3375 and 1.3365.



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY crashes below 106.50, more downside in store
    Forex News

    USD/JPY crashes below 106.50, more downside in store

  2. Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude
    Forex News

    Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude

  3. EUR/USD bulls wake up and drive pair above 1.2800
    Forex News

    EUR/USD bulls wake up and drive pair above 1.2800

  4. Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?
    Forex News

    Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?

  5. AUD/USD Range Endures With Clearer Cues From Candlesticks Desired
    Forex News

    AUD/USD Range Endures With Clearer Cues From Candlesticks Desired

Trading Center