Analysis: EUR/USD - With the UK on holidays, the usual lack of - TopicsExpress

Analysis: EUR/USD - With the UK on holidays, the usual lack of volume of Mondays turned into a forgettable trading day, with majors little changed from their weekly opening. Having been slightly higher, the dollar suffered a kneejerk after worse than expected US Durable Goods Orders, although managed to recover the ground lost along the US session and closes the day with modest gains against most rivals. As for the EUR/USD, the pair found sellers a few pips below the 1.3400 level, and enters Asian session with a slightly bearish tone in the short term, as the hourly chart shows price developing below 20 SMA and indicators standing in negative territory. Far from offering a clear bias, the longer term outlook continues to favor the upside although a break above 1.3420 is now required to see some progress today. #iktrust #forex #signal #fx

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