14 Jan 2014
EUR/USD slightly lower on Asia, holds above 1.3635
FXstreet.com (Córdoba) - The EUR/USD finished Monday practically unchanged after posting strong gains on Friday, on the back of a weak NFP report. Early on Asia the Euro was unable to break above 1.3675 and fell toward 1.3650.
So far the EUR/USD remains above Monday's low that lie at 1.3635, on a quiet trading session in Asia, where the US dollar and the Pound are so far the best performers.
EUR/USD still pointing higher?
According to analysts from AceTrader, the failure to break above Friday's high triggered a profit-taking rally, but the renewed buying from American session lows suggests some consolidation with an upside bias that could see the pair re-testing the highs at 1.3688; once above price would continue toward 1.3725/30, before prospects of a retreat later.
“On the downside, only below 1.3620 would abort intra-day bullish bias and bring further weakness towards last Friday's low at 1.3560”, says the AceTrader Team.
So far the EUR/USD remains above Monday's low that lie at 1.3635, on a quiet trading session in Asia, where the US dollar and the Pound are so far the best performers.
EUR/USD still pointing higher?
According to analysts from AceTrader, the failure to break above Friday's high triggered a profit-taking rally, but the renewed buying from American session lows suggests some consolidation with an upside bias that could see the pair re-testing the highs at 1.3688; once above price would continue toward 1.3725/30, before prospects of a retreat later.
“On the downside, only below 1.3620 would abort intra-day bullish bias and bring further weakness towards last Friday's low at 1.3560”, says the AceTrader Team.