International Trading
FXstreet.com (Barcelona) - The Euro has resumed its decline from 1.3335 high on Monday and, after a timid recovery attempt, which was capped at 1.2935, the pair has given away gains, to extend below 1.2800 to reach fresh to week lows.
On the downside, below the 100 day-MA, at 1.2805, Valeria Bednarik, technical analyst at FXstreet.com, sees the pair dropping towards 1.2760/70, and then 1.2730: "Lose of 1.2805 should signal a downside continuation towards 1.2760/70 area first, and even extend later towards 1.2730 zone."
On the upside, 1.2850 would trigger bulls for a rally towards 1.2890/1.2910, says Bednarik: "Watch an acceleration above 1.2850 to send the pair towards 1.2890/1.2910 zone, where 200 EMA in the 4 hours charts, should limit further rises."
EUR/USD (Aug 14 at 06:42 GMT)
H 1.27585 L 1.27495
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.2715 | 1.2747 | 1.2778 | 1.2792 | 1.2824 | 1.2856 |
| [?]Trend Index | [?]OB/OS Index |
| Strongly Bullish | Neutral |
| Data updated on Aug 13 at 18:45 (15-minute timeframe) |
[ View EUR/USD Technical Studies ]
