5 Sep 2013
EUR/USD extends losses and trades close to 1.3100
FXstreet.com (San Francisco) - After breaking down the 1.3140 area following the Mario Draghi dovish speech, the Euro has continued with its bearish movement against the US Dollar with the pair now testing the 1.3110 area, lows since July 19.
Currently, the EUR/USD is trading at 1.3115, 0.68% negative on the day. The short term perspective remains strongly bearish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
Below the 1.3115 area, the next supports are at 1.3100, 1.3065 and 1.3045. On the upside, resistances are at 1.3145, 1.3165 and 1.3215.
Currently, the EUR/USD is trading at 1.3115, 0.68% negative on the day. The short term perspective remains strongly bearish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
Below the 1.3115 area, the next supports are at 1.3100, 1.3065 and 1.3045. On the upside, resistances are at 1.3145, 1.3165 and 1.3215.