USD keeps grinding higher against most rivals- FXStreet

By FXstreet.com | July 29, 2014 AAA

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik sees the dollar broadly firmer across the board on Tuesday.



Key quotes



“The EUR/USD below the year low posted last week at 1.3420, accelerating south early US session, and with the hourly chart showing an increasing downward momentum, as price finally moves away from its 20 SMA while indicators head south in negative territory.”



“In the 4 hours chart 20 SMA capped the upside earlier today, a few pips above 1.3440 and immediate resistance, while indicators hold directionless in negative territory.”



“Further slides should be expected in case stops below 1.3410 get triggered, albeit movements will remain limited ahead of upcoming US data starting on Wednesday.”



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