EUR/USD 4H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The EUR/USD currency cross was highly volatile over the last week, with its volatility index entering the turbulence zone for 35% of time. This week, the pair stabilized slightly above 1.34-mark. Following impressive moves the pair can fluctuate around the current price for some time, as technicals on a 4H and daily chart are neutral, while market sentiment is not clearly marked as well. The short– and medium-term outlook is neutral, while in a longer term the outlook still remains bearish. Technicals on a weekly chart are sending ‘sell' signal, while 61% of pending orders in a 100-pip range are placed to sell the pair. A move below 1.34-mark will put weekly S1 at 1.3383 on the map.
© Dukascopy Bank SA
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Tue, 29 Jul 2014 13:08:09 GMT

EUR/GBP 4H Chart: Channel Down

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Tue, 29 Jul 2014 06:06:02 GMT

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