The EUR/USD stretched to a new low for the day after US pending home sales declined more than expected in August.
EUR/USD indifferent to data
EUR/USD extended losses, but only marginally, and hit a fresh daily low of 1.3481 before bouncing slightly. "Italian political woes, US GDP and employment readings triggering gains in stocks, nothing seems to be enough to take the EUR/USD far from the 1.3500 level, where the pair has been stuck for most of this week with limited spikes either side of the board",
EUR/USD technical outlook
At time of writing, EUR/USD is trading at the 1.3490 zone, where it records a 0.3% loss on the day, and according to Bednarik, it holds a slightly bearish but mostly neutral stance. In terms of technical levels, the analyst locates immediate supports at 1.3450 and 1.3415, while resistances are seen at 1.3530, 1.3570 and 1.3615.
EUR/USD indifferent to data
EUR/USD extended losses, but only marginally, and hit a fresh daily low of 1.3481 before bouncing slightly. "Italian political woes, US GDP and employment readings triggering gains in stocks, nothing seems to be enough to take the EUR/USD far from the 1.3500 level, where the pair has been stuck for most of this week with limited spikes either side of the board",
EUR/USD technical outlook
At time of writing, EUR/USD is trading at the 1.3490 zone, where it records a 0.3% loss on the day, and according to Bednarik, it holds a slightly bearish but mostly neutral stance. In terms of technical levels, the analyst locates immediate supports at 1.3450 and 1.3415, while resistances are seen at 1.3530, 1.3570 and 1.3615.
EUR/USD Sep 26 at 14:55 GMT
1.3486/88 (-0.30%)
H1.3533 L 1.3482
| S3 | S2 | S1 | R1 | R2 | R3 |
|---|---|---|---|---|---|
| 1.3427 | 1.3460 | 1.3494 | 1.3571 | 1.3605 | 1.3639 |
| Trend Index | OB/OS Index |
|---|---|
| Data updated on Sep 26 a 14:45 GMT (15-minute timeframe) | |
| Strongly Bearish | Neutral |
