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12 Feb 2014
EUR/USD bids protecting an avalanche
FXStreet (Guatemala) - The EUR/USD has been trading in a range between 1.3640 and 1.3680 and little has changed overall on the remarks of Yellen.
EUR/USD was set up for Asia on the offer post Yellen’s Semiannual Monetary Policy Report to the Congress was published and her accompanying speech that followed in. Her statements caused some alarm in the words around a deteriorating outlook for the job market or serious concerns over too-low inflation could cause shift in policy, and a pause would be considered if notable change in the outlook. The dollar is being tugged and pulled about as a result. EUR/USD has met supply that is being supported ahead of critical support, 1.3610.
EUR/USD Levels
The 20 DMA is 1.3598, the 50 DMA is 1.3649 and the 200 DMA is 1.3387. RSI (14) reads 42.35. Support are ascending from 1.3552, 1.3576, 1.3610. Spot is 1.3636 while resistances are 1.3689, 1.3716, 1.3740 and 1.3776
EUR/USD was set up for Asia on the offer post Yellen’s Semiannual Monetary Policy Report to the Congress was published and her accompanying speech that followed in. Her statements caused some alarm in the words around a deteriorating outlook for the job market or serious concerns over too-low inflation could cause shift in policy, and a pause would be considered if notable change in the outlook. The dollar is being tugged and pulled about as a result. EUR/USD has met supply that is being supported ahead of critical support, 1.3610.
EUR/USD Levels
The 20 DMA is 1.3598, the 50 DMA is 1.3649 and the 200 DMA is 1.3387. RSI (14) reads 42.35. Support are ascending from 1.3552, 1.3576, 1.3610. Spot is 1.3636 while resistances are 1.3689, 1.3716, 1.3740 and 1.3776