FXstreet.com
(San Francisco) - The selloff in EUR/USD continues in Asia in the midst
of caution ahead of the outcome of Wednesday’s EU summit and following
Tuesday’s comments from Greece’s former Prime Minister, which will
likely continue to weigh on risk.
EUR/USD has fallen to a 3-day low of 1.2647, last quoted at 1.2653 vs. 1.2682 at the opening. As
Valeria Bednarik,
Chief Analyst at FXstreet.com notes: “The hourly chart shows price
consolidating below the 1.2700 area, with indicators heading south in
oversold levels, while in the 4 hours chart a strong bearish momentum
develops, all of which supports a downward continuation for the pair,
with a break below 1.2625 as a trigger for another round of selloff.”
EUR/USD
May 23 at 03:24 GMT
H1.2690 L 1.2645
| S3 |
S2 |
S1 |
R1 |
R2 |
R3 |
| 1.2527 |
1.2558 |
1.2589 |
1.2752 |
1.2784 |
1.2816 |
| Trend Index |
OB/OS Index |
|
Data updated on May 23 a 03:15 GMT (15-minute timeframe)
|
| Slightly Bullish |
Extremely Oversold |
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