The EUR/USD eases from a daily high of 1.3296 in an ultra quiet European morning: there have been no economic releases in Europe, and market players wait for Yellen and Draghi, both due to speak later today at the Jackson Hole Symposium. Dollar and yen are slightly up on limited risk aversion triggered by news coming again from the Russia/Ukraine border: another aid convoy entering Ukraine allegedly without permission, is suspected to be a cover for an invasion by Moscow, triggering alarms amongst investors.
Technically, the EUR/USD 4 hours chart shows price stalled around a bearish 20 SMA while indicators turned back south below their midlines after correcting their oversold readings. Hovering around 1.3280, 23.6% retracement of the latest daily fall, the downside remains favored with some follow trough below 1.3240 required to confirm a leg down to 1.3190/1.3200 price zone.
View Live Chart for EUR/USD
Technically, the EUR/USD 4 hours chart shows price stalled around a bearish 20 SMA while indicators turned back south below their midlines after correcting their oversold readings. Hovering around 1.3280, 23.6% retracement of the latest daily fall, the downside remains favored with some follow trough below 1.3240 required to confirm a leg down to 1.3190/1.3200 price zone.
View Live Chart for EUR/USD
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