20 Jun 2014
EUR/USD key support found at 1.3580 – FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that, across the board, the EUR/USD is still among the weaker against the greenback.
Key Quotes:
“In the short term, the hourly chart shows latest candle opened right below its 20 SMA while indicators turned south and approach their midlines”.
“In the 4 hours chart indicators are losing upward strength and also turning lower in positive territory, albeit 20 and 100 SMA stand now around 1.3580, offering immediate short term support”.
“Failure to hold above this last should be no good for EUR buyers, with the pair back down to 1.3550, while above 1.3645, a test of the 1.3680 Fibonacci resistance seems inevitable”.
Key Quotes:
“In the short term, the hourly chart shows latest candle opened right below its 20 SMA while indicators turned south and approach their midlines”.
“In the 4 hours chart indicators are losing upward strength and also turning lower in positive territory, albeit 20 and 100 SMA stand now around 1.3580, offering immediate short term support”.
“Failure to hold above this last should be no good for EUR buyers, with the pair back down to 1.3550, while above 1.3645, a test of the 1.3680 Fibonacci resistance seems inevitable”.