18 Jul 2014
EUR/USD: 1.3500 gives way
FXStreet (Córdoba) - The EUR/USD finally broke below the 1.3500 mark as the week drafts to an end, after spending the last 2 days consolidating in a slim range just above the psychological level.
EUR/USD sell-off intensifies as US traders join the pre-weekend flows, with the pair hitting a fresh 5-month low of 1.3490. At time of writing, the EUR/USD is trading at 1.3495, 0.22% below its opening price. The EUR/USD has fallen 3 out of the 5 trading days this week and is on track to close 0.78% lower.
EUR/USD technical levels
Now that the EUR/USD is trading below the 1.3500 level for first time since early February, next supports are seen at 1.3482 (Feb 6 low) and 1.3476 (Feb 3 low). On the other hand, the 1.3500 mark should offer immediate resistance, followed by 1.3535 (Jul 18 high) and 1.3580 (10-day SMA).
EUR/USD sell-off intensifies as US traders join the pre-weekend flows, with the pair hitting a fresh 5-month low of 1.3490. At time of writing, the EUR/USD is trading at 1.3495, 0.22% below its opening price. The EUR/USD has fallen 3 out of the 5 trading days this week and is on track to close 0.78% lower.
EUR/USD technical levels
Now that the EUR/USD is trading below the 1.3500 level for first time since early February, next supports are seen at 1.3482 (Feb 6 low) and 1.3476 (Feb 3 low). On the other hand, the 1.3500 mark should offer immediate resistance, followed by 1.3535 (Jul 18 high) and 1.3580 (10-day SMA).