Published: Wed, 20 May 2009 05:15:00 +0200
Euro losing some ground
FXstreet.com (Buenos Aires) ? EUR/USD, pair remains attached to risk sentiment swings, with euro losing some ground yet still range bound.
?Hourly indicators are quite flat with no clear direction, but 20 SMA holds it?s bullish slope, and should offer some support around 1.3615 zone, followed by the very close 1.3600 where we have a short term ascendant trend line,? said Valeria Bednarik, collaborator at FXstreet.com.
Clear break under the trend line, could trigger some selling in the pair, still expect low volume for actual session.
By Fxstreet.com
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