18 Jul 2014
EUR/USD at levels not seen since last February - FXStreet
FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that EUR/USD is moving close to levels handful only several pips away from the critical 1.3476 year low.
Key quotes
"The EUR/USD finally moved away from the 30 pips range that contained price for most of the week, with the hourly chart showing an increased bearish potential as per price accelerating below its 20 SMA and the 4 hours chart showing indicators resuming the downside after repeated failure around 1.3535 static resistance."
"Immediate support comes at 1.3476, this year low, and a large amount of stops should stand below so if trigger, the slide may quickly extend. "
Key quotes
"The EUR/USD finally moved away from the 30 pips range that contained price for most of the week, with the hourly chart showing an increased bearish potential as per price accelerating below its 20 SMA and the 4 hours chart showing indicators resuming the downside after repeated failure around 1.3535 static resistance."
"Immediate support comes at 1.3476, this year low, and a large amount of stops should stand below so if trigger, the slide may quickly extend. "