21 Jul 2014
EUR/USD trading steady close to 1.3520 - FXStreet
FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that following the light spike to 1.3548 with the opening, EUR/USD fell again, trading steady in the 1.3520 price zone at the beginning of the US session.
Key quotes
"Stocks are down in Europe along with US futures, which favors some safe havens, but US yields are also giving up ground, which should keep dollar gain limited."
"For the most, the EUR/USD still looks heavy considering it trades a handful of pips above the year low of 1.3476, but the short term outlook remains neutral, with the hourly chart showing price below a flat 20 SMA and indicators horizontal in neutral territory. "
Key quotes
"Stocks are down in Europe along with US futures, which favors some safe havens, but US yields are also giving up ground, which should keep dollar gain limited."
"For the most, the EUR/USD still looks heavy considering it trades a handful of pips above the year low of 1.3476, but the short term outlook remains neutral, with the hourly chart showing price below a flat 20 SMA and indicators horizontal in neutral territory. "