The EUR/USD pair increased above 1.3600 as the yesterday’s European session started and the market adjusted to the new conditions. The pair rose to the second resistance and turned on 1.3640. We can see that the pair is now ranging in the 1.36 area before the EU Current Account data will be released at 8.00 GMT. We do not expect any important releases from the U.S. market today so after the European session finish we might see the market quiet before the weekend. The trend is sideways. The support is lying at 1.3570 and resistance at 1.3640.
The AUD/USD pair has been ranging since yesterday in a narrow channel between 0.9390 and 0.9430. The pair previously increased as the greenback depreciated sharply. The greenback reacted on the Fed decision to keep the interest rates on a record low. The price might remain high as the Aussi is supported by safe-haven demand which increased on the back of Iraq. The trend is sideways. The support is lying at 0.9345 and resistance at 0.9440.
June 20, 2014 – Forex News
Hot asset for today: EUR/USD
The EUR/USD pair increased above 1.3600 as the yesterday’s European session started and the market adjusted to the new conditions. The pair rose to the second resistance and turned on 1.3640. We can see that the pair is now ranging in the 1.36 area before the EU Current Account data will be released at 8.00 GMT. We do not expect any important releases from the U.S. market today so after the European session finish we might see the market quiet before the weekend. The trend is sideways. The support is lying at 1.3570 and resistance at 1.3640.
The AUD/USD pair has been ranging since yesterday in a narrow channel between 0.9390 and 0.9430. The pair previously increased as the greenback depreciated sharply. The greenback reacted on the Fed decision to keep the interest rates on a record low. The price might remain high as the Aussi is supported by safe-haven demand which increased on the back of Iraq. The trend is sideways. The support is lying at 0.9345 and resistance at 0.9440.
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