16 Jun 2014
EUR/USD: Negative sentiment prevails - FXStreet
FXStreet (Bali) - Valeria Bednarik, Chief Analyst at FXStreet, supports the general negative sentiment in EUR/USD.
Key Quotes
"The EUR/USD upward momentum has lasted none, as the pair faltered again below 1.3580 and trades 20 pips above the weekly low."
"The lack of volatility around the pair is still quite remarkable, yet the dominant trend is bearish, at least in the short term: the hourly chart shows price below moving averages after a limited recovery above 100 one, while indicators stand in negative territory."
"In the 4 hours chart price however around a bearish 20 SMA while indicators head south around their midlines, supporting the general negative sentiment. A break below this week lows around 1.3510, should lead to a quick test of 1.3475 this year low, ahead of 1.3440 static support."
Key Quotes
"The EUR/USD upward momentum has lasted none, as the pair faltered again below 1.3580 and trades 20 pips above the weekly low."
"The lack of volatility around the pair is still quite remarkable, yet the dominant trend is bearish, at least in the short term: the hourly chart shows price below moving averages after a limited recovery above 100 one, while indicators stand in negative territory."
"In the 4 hours chart price however around a bearish 20 SMA while indicators head south around their midlines, supporting the general negative sentiment. A break below this week lows around 1.3510, should lead to a quick test of 1.3475 this year low, ahead of 1.3440 static support."