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11 Aug 2014
EUR/USD trading below the 1.3400 early US session - FXStreet
FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik remarks that following a slid to a daily low of 1.3382, EUR/USD continues trading below the 1.3400 level.
Key quotes
"The hourly chart shows price below a bearish 20 SMA while indicators stand directionless in negative territory, reflecting the little interest over the pair at the time being."
"In the 4 hours chart price found support in a flat 20 SMA around 1.3375, while indicators turned lower and approach their midlines."
"The immediate support stands at 1.3370 and a break below should see the pair retesting recent lows around 1.3330, albeit further range is expected at least until Asian session."
Key quotes
"The hourly chart shows price below a bearish 20 SMA while indicators stand directionless in negative territory, reflecting the little interest over the pair at the time being."
"In the 4 hours chart price found support in a flat 20 SMA around 1.3375, while indicators turned lower and approach their midlines."
"The immediate support stands at 1.3370 and a break below should see the pair retesting recent lows around 1.3330, albeit further range is expected at least until Asian session."