14 Mar 2014
EUR/USD remains with strong bearish bias
FXStreet (Barcelona) - ="">EUR/USD remains with a bearish bias and is slow drift on the offer after an attempt on 1.3880 resistance.
Draghi commented earlier on the euros strength in relation to the low rate of inflation and warned markets that is therefore becoming increasingly relevant in their assessment of price stability, suggesting that continued strength will not be tolerated. Meanwhile the dollar is seen as a safe haven once again while Russian troops are now on the border causing major concerns.
EUR/USD Levels
The 20 DMA is 1.3764, the 50 DMA is 1.3670 and the 200 DMA is 1.3473. RSI (14) reads 34.47.
Draghi commented earlier on the euros strength in relation to the low rate of inflation and warned markets that is therefore becoming increasingly relevant in their assessment of price stability, suggesting that continued strength will not be tolerated. Meanwhile the dollar is seen as a safe haven once again while Russian troops are now on the border causing major concerns.
EUR/USD Levels
The 20 DMA is 1.3764, the 50 DMA is 1.3670 and the 200 DMA is 1.3473. RSI (14) reads 34.47.