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EUR/USD - selling to gather pace below 1.14

FX:EURUSD   Euro Fx/U.S. Dollar
EUR/USD rose to 10-SMA level of 1.1468 as anticipated earlier today.

But now, the pair looks shaky.

  • Having failed to sustain above 1.1465, the currency pair is at risk of losing further ground towards 1.14 levels.
  • A break below 1.14 would add credence to bearish move from daily highs and open doors for a drift lower to 1.1330 (minor rising trend line hurdle on the daily chart ).
  • Bulls need a daily closing above 1.1465 levels
.

Also check out EUR/USD view posted earlier this week
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