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11 Jun 2014
EUR/USD still worst performer intraday - FXStreet
FXStreet (Barcelona) - According to FXStreet Chief Analyst Valeria Bednarik EUR/USD continues to be the worst performer intraday, confined to 20/30 pips ranges for most of the time.
Key quotes
“Nevertheless, the pair has set a lower low on the day of 1.3521 and trades below the daily high of 1.3547, keeping the risk to the downside.”
“The 4 hours chart shows indicators still heading strongly down despite near oversold levels, while 20 SMA has gained bearish slope well above current price, also supporting the ongoing bearish trend. There is however a clear lack of momentum either side of the board, due to the inexistent volume.”
“Fresh daily lows should expose 1.3476, this year low, while only a steady recovery above 1.3580 will erase some of the negative tone and favor a recovery up to 1.3630 price zone.”
Key quotes
“Nevertheless, the pair has set a lower low on the day of 1.3521 and trades below the daily high of 1.3547, keeping the risk to the downside.”
“The 4 hours chart shows indicators still heading strongly down despite near oversold levels, while 20 SMA has gained bearish slope well above current price, also supporting the ongoing bearish trend. There is however a clear lack of momentum either side of the board, due to the inexistent volume.”
“Fresh daily lows should expose 1.3476, this year low, while only a steady recovery above 1.3580 will erase some of the negative tone and favor a recovery up to 1.3630 price zone.”