18 Jun 2014
EUR/USD: stuck in range - FXStreet
FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik remarks that EUR/USD had little to offer on Tuesday, erasing most of Monday gains and trading within familiar ranges.
Key quotes
"EUR/USD remains unchanged, with the downside favor as per holding near post ECB lows, close also to this year one"
"The hourly chart shows price developing below moving averages, with indicators heading south in negative territory, reflecting the dominant bearish tone."
"In the 4 hours chart the picture is mildly bearish, albeit lacking enough strength at the time being: critical support remains at 1.3475, this year low, while recoveries up to 1.3680 will remain as corrective."
Key quotes
"EUR/USD remains unchanged, with the downside favor as per holding near post ECB lows, close also to this year one"
"The hourly chart shows price developing below moving averages, with indicators heading south in negative territory, reflecting the dominant bearish tone."
"In the 4 hours chart the picture is mildly bearish, albeit lacking enough strength at the time being: critical support remains at 1.3475, this year low, while recoveries up to 1.3680 will remain as corrective."