Session Recap: even a smaller range today... some move but unchanged altogether

By FXstreet.com | August 14, 2014 AAA

FXStreet (San Francisco) - Another summer day in the currency market with light volume trading session and some movements in majors but not changes altogether. The EUR/USD flirted with the 1.3400 but it wasn't able to break up.

"EUR jumped again higher but the advance failed again to sustain above the 1.3400 mark, and even resulted in a lower high daily basis which is still indicative of bearish domain in the pair," commented Valeria Bednarik from FXStreet.

Currently, EUR/USD is closing at 1.3366, up 0.01% on the day, having posted a daily high at 1.3409 and low at 1.3348. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.

The GBP/USD traded in consolidation mode after Wednesday's collapse from 1.6840. The Cable is pricing at 1.6685, down 0.01% on the day, having posted a daily high at 1.6700 and low at 1.6655.

On the other hand, the USD/JPY extended its advance for third day as the pair jumped to 102.65. However the pair failed to hold gains and retraced to sub 102.50 prices where the USD/JPY is closing the day.

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