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Sep 2, 2014
USD standing as the overall daily winner so far today - FXStreet
FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik emphasizes that the greenback remains the strongest currency across the board on Tuesday.
Key quotes
"The EUR/USD bounced some from a daily low of 1.3109 but maintains the bearish tone, as per being capped by its 20 SMA in the 1 hour chart, while indicators stand in negative territory."
"In the 4 hours chart indicators aim higher from oversold levels, pointing for a limited upward correction while 20 SMA presents a strong bearish slope currently offering intraday resistance around 1.3150."
Key quotes
"The EUR/USD bounced some from a daily low of 1.3109 but maintains the bearish tone, as per being capped by its 20 SMA in the 1 hour chart, while indicators stand in negative territory."
"In the 4 hours chart indicators aim higher from oversold levels, pointing for a limited upward correction while 20 SMA presents a strong bearish slope currently offering intraday resistance around 1.3150."