15 Jul 2014
EUR/USD consolidates below 1.3580
FXStreet (Córdoba) - The EUR/USD is having on Tuesday the worst day in week and is headed toward the lowest daily close since June 18. A stronger US dollar pushed the pair to the downside. On American hours bottomed at 1.3560 then rebounded but the recovery was capped by 1.3580.
Currently, near Wall Street closing bell the EUR/USD trades at 1.3565, 50 pips below the price it had at the beginning of the day.
EUR/USD breaking range
After moving during several days in a small trading range the EUR/USD broke a short term support around 1.3580 and lost momentum.
Downside pressure is still seen in the pair. “In the 4 hours chart the pair presents a strong downward momentum which support some continued slide towards immediate short term support at 1.3535”, says Valeria Bednarik, Chief Analyst at FXStreet.
Currently, near Wall Street closing bell the EUR/USD trades at 1.3565, 50 pips below the price it had at the beginning of the day.
EUR/USD breaking range
After moving during several days in a small trading range the EUR/USD broke a short term support around 1.3580 and lost momentum.
Downside pressure is still seen in the pair. “In the 4 hours chart the pair presents a strong downward momentum which support some continued slide towards immediate short term support at 1.3535”, says Valeria Bednarik, Chief Analyst at FXStreet.