26 May 2014
EUR/USD up, down, up again
FXStreet (Edinburgh) - Anaemic trade is keeping the EUR/USD locked within a very narrow range on Monday, now visiting once again the area of 1.3640/45.
EUR/USD clings to the 200-d MA
Spot is battling to keep the area around the critical 200-day MA, after recently breaking below it for the first time since last September. The inactivity of both UK and US markets left the pair to the mercy of the risk trends, coupled with a softer tone in the greenback. In the view of analysts at BBH, “Momentum indicators warn of the risk of further losses and, assuming a break of $1.3600, the next target is in the $1.3520-45 area”.
EUR/USD key levels
As of writing the pair is up 0.11% at 1.3644 and a surpass of 1.3658 (high May 23) would open the door to 1.3688 (high May 22) and finally 1.3723 (high May 21). On the flip side, the initial support aligns at 1.3616 (low May 23) followed by 1.3585 (low Feb.13) ahead of 1.3563 (low Feb.12).
EUR/USD clings to the 200-d MA
Spot is battling to keep the area around the critical 200-day MA, after recently breaking below it for the first time since last September. The inactivity of both UK and US markets left the pair to the mercy of the risk trends, coupled with a softer tone in the greenback. In the view of analysts at BBH, “Momentum indicators warn of the risk of further losses and, assuming a break of $1.3600, the next target is in the $1.3520-45 area”.
EUR/USD key levels
As of writing the pair is up 0.11% at 1.3644 and a surpass of 1.3658 (high May 23) would open the door to 1.3688 (high May 22) and finally 1.3723 (high May 21). On the flip side, the initial support aligns at 1.3616 (low May 23) followed by 1.3585 (low Feb.13) ahead of 1.3563 (low Feb.12).