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27 May 2014
EUR/USD testing resistance
FXStreet (Guatemala) - Currently, EUR/USD is trading at 1.3655, up 0.07% on the day, having posted a daily high at 1.3660 and low at 1.3643.
EUR/USD is popping up to test the upside, which would be through the end of last weeks resistance formed by Thursday’s high, 1.3660. Meanwhile, Karen Jones, chief analyst at Commerzbank explained that the EUR/USD spent the latter part of the week testing the 200 day ma at 1.3637. “The market has seen some minor consolidation here but this has not provoked a rebound and this morning is trading below here. It is not expected to hold here and we look for further losses to the 1.3476 2014 low en route to the 2012-2014 uptrend at 1.3410.”
EUR/USD Levels
Current price is 1.3656, with resistance ahead at 1.3660 (Hourly 100 SMA), 1.3660 (Daily High), 1.3660 (Weekly Classic PP), 1.3680 (Daily Classic R2) and 1.3683 (Hourly 200 SMA). Next support to the downside can be found at 1.3655 (Daily Classic R1), 1.3655 (Yesterday's High), 1.3646 (Daily Open), 1.3643 (Hourly 20 EMA) and 1.3643 (Daily Low).
EUR/USD is popping up to test the upside, which would be through the end of last weeks resistance formed by Thursday’s high, 1.3660. Meanwhile, Karen Jones, chief analyst at Commerzbank explained that the EUR/USD spent the latter part of the week testing the 200 day ma at 1.3637. “The market has seen some minor consolidation here but this has not provoked a rebound and this morning is trading below here. It is not expected to hold here and we look for further losses to the 1.3476 2014 low en route to the 2012-2014 uptrend at 1.3410.”
EUR/USD Levels
Current price is 1.3656, with resistance ahead at 1.3660 (Hourly 100 SMA), 1.3660 (Daily High), 1.3660 (Weekly Classic PP), 1.3680 (Daily Classic R2) and 1.3683 (Hourly 200 SMA). Next support to the downside can be found at 1.3655 (Daily Classic R1), 1.3655 (Yesterday's High), 1.3646 (Daily Open), 1.3643 (Hourly 20 EMA) and 1.3643 (Daily Low).