Back
2 Jun 2014
EUR/USD hits fresh lows below 1.3600
FXStreet (Córdoba) - The EUR/USD broke below 1.3600 and fell to test last week lows. So far it has been able to hold above 1.3585 (May 29 low) but remains under pressure as the US dollar strengthens across the board.
The pair is down -0.27% on the day, currently trading at 1.3596, having previously posted a daily high at 1.3638 and a low at 1.3588.
EUR/USD levels and patterns
In the short term, to the upside, resistance might lie around 1.3600, above here at 1.3615 (Hourly 20 EMA and 100 SMA) followed by 1.3628 (Daily PP). Support below can be 1.3655.
Patternwise, we can see a Hammer formation on the 1-hour as price bounces from the lows and approaches 1.3600.
The pair is down -0.27% on the day, currently trading at 1.3596, having previously posted a daily high at 1.3638 and a low at 1.3588.
EUR/USD levels and patterns
In the short term, to the upside, resistance might lie around 1.3600, above here at 1.3615 (Hourly 20 EMA and 100 SMA) followed by 1.3628 (Daily PP). Support below can be 1.3655.
Patternwise, we can see a Hammer formation on the 1-hour as price bounces from the lows and approaches 1.3600.