3 Jan 2014
EUR/USD extends decline to 1.3580
FXstreet.com (San Francisco) - The US Dollar is joining a bullish momentum following the Fed official Plosser and Ben Bernanke hawkish but pro-taper comments. In this framework, the EUR/USD broke the 1.3600 area and it's trading at nearly 1-month low at 1.3580.
Currently, the EUR/USD is pricing at 1.3585, 0.57% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral.
EUR/USD levels to watch
In terms of technical levels, if the EUR/USD breaks below 1.3580, next supports could be found at 1.3540 (Dec 5 low), 1.3525 (100-day SMA) and 1.3500 (psychological level). On the flip side, resistances are seen at 1.3670 (daily high), 1.3700 (psychological level) and 1.3720 (20-day SMA).
Currently, the EUR/USD is pricing at 1.3585, 0.57% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral.
EUR/USD levels to watch
In terms of technical levels, if the EUR/USD breaks below 1.3580, next supports could be found at 1.3540 (Dec 5 low), 1.3525 (100-day SMA) and 1.3500 (psychological level). On the flip side, resistances are seen at 1.3670 (daily high), 1.3700 (psychological level) and 1.3720 (20-day SMA).