OctaFX | OctaFX Forex Broker
Open trading account

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."

AUD/USD unable to recover

The AUD/USD is consolidating in a tight range at the beginning of the American session after the latest pullback was contained by the 0.9260 area.
Read more Previous

GBP/CHF selling pressure in the background - ForexTrading.TV

Petar Jacimovic, currency analyst at ForexTrading.TV, sees selling pressure for GBP/CHF in the background and suggests that buying would be risky.
Read more Next
Start livechat