FXstreet.com (London) - Major US indices were broadly lower today, as market moved towards risk aversion. Faith in the greenback bumped up, as market moved away from risky asset classes despite FED hawkish comment earlier this week. Nikkei mimicked this slide, gapping open off just over 100 basis points.
In early Asian trading the Dollar was flat across its major pairs today, broad picture looks like this: EUR/USD 1.3960/66 (-0.06%), Swissy 1.0527/32 (+0.09%), Cable 1.6124/29 (-0.07%), USD/JPY 89.72/74 (-0.21%).
EUR/USD has continued to trade in the same range as the previous US session, sideways between 1.3990 and 1.3950. Weak Greek CDS and general outlook for EURO dominates direction for the pair.
Valeria Bednarik, collaborator at FXstreet.com guides us on the technicals: “Being the last day of the week and of the month, some profit taking and position adjusting could disturb trend, yet as long as the week closes under 1.4120, bias remain bearish for the pair. Support levels: 1.3980 1.3935 1.3900. Resistance levels: 1.4020 1.4060 1.4085 .”
The pair is down just 8 pips from the open and currently trades at 1.3955
In early Asian trading the Dollar was flat across its major pairs today, broad picture looks like this: EUR/USD 1.3960/66 (-0.06%), Swissy 1.0527/32 (+0.09%), Cable 1.6124/29 (-0.07%), USD/JPY 89.72/74 (-0.21%).
EUR/USD has continued to trade in the same range as the previous US session, sideways between 1.3990 and 1.3950. Weak Greek CDS and general outlook for EURO dominates direction for the pair.
Valeria Bednarik, collaborator at FXstreet.com guides us on the technicals: “Being the last day of the week and of the month, some profit taking and position adjusting could disturb trend, yet as long as the week closes under 1.4120, bias remain bearish for the pair. Support levels: 1.3980 1.3935 1.3900. Resistance levels: 1.4020 1.4060 1.4085 .”
The pair is down just 8 pips from the open and currently trades at 1.3955
