7 Jul 2014
EUR/USD confined to a 30 pips range - FXStreet
FXStreet (Łódź) - As FXStreet Chief Analyst Valeria Bednarik points out, EUR/USD is trading in a tight range on Monday, between the 1.3570 support area and the 1.3600 figure.
Key quotes
"With no data in Europe or the US to guide price action, traders keep an eye on stocks, down across the world with DAX erasing almost all of Thursday gains, and US indexes trading in red early US session."
"As for the EUR/USD hourly chart, technical readings maintain a quite neutral stance, giving no clues on upcoming direction."
"In the 4 hours chart a mild bearish tone prevails with indicators turning now south after correcting oversold readings and price developing below its 20 SMA."
Key quotes
"With no data in Europe or the US to guide price action, traders keep an eye on stocks, down across the world with DAX erasing almost all of Thursday gains, and US indexes trading in red early US session."
"As for the EUR/USD hourly chart, technical readings maintain a quite neutral stance, giving no clues on upcoming direction."
"In the 4 hours chart a mild bearish tone prevails with indicators turning now south after correcting oversold readings and price developing below its 20 SMA."