25 Jun 2014
EUR/USD a two-sided story
FXStreet (Guatemala) - EUR/USD is trading at 1.3603, down -0.01% on the day, having posted a daily high at 1.3609 and low at 1.3602.
EUR/USD has been in consolidation mode but with wide swings between the range while some are still calling for higher levels to come yet, which could eventually lead to another leg higher towards the strong resistant at 1.3680. Looking to a daily chart, we see that RSI is neutral at 46.61 and thus we must also consider the downside where the 1.3560 level is a solid short-term support. The key support area at 1.3530 however could indicate a retest of the critical mid -term support at 1.3500/05.
EUR/USD Levels
Current price is 1.3605, with resistance ahead at 1.3606 and 1.3609 (Daily High). Next support to the downside can be found at 1.3602 (Hourly 100 SMA), (Daily Low), 1.3597 (Daily Classic PP), 1.3585 (Weekly Classic PP) and 1.3583 (Yesterday's Low), 1.3560, 1.3530 and 1.3500.
EUR/USD has been in consolidation mode but with wide swings between the range while some are still calling for higher levels to come yet, which could eventually lead to another leg higher towards the strong resistant at 1.3680. Looking to a daily chart, we see that RSI is neutral at 46.61 and thus we must also consider the downside where the 1.3560 level is a solid short-term support. The key support area at 1.3530 however could indicate a retest of the critical mid -term support at 1.3500/05.
EUR/USD Levels
Current price is 1.3605, with resistance ahead at 1.3606 and 1.3609 (Daily High). Next support to the downside can be found at 1.3602 (Hourly 100 SMA), (Daily Low), 1.3597 (Daily Classic PP), 1.3585 (Weekly Classic PP) and 1.3583 (Yesterday's Low), 1.3560, 1.3530 and 1.3500.