FX.co ★ Intraday analysis of EUR/USD for August 06, 2014

The pair was pushed towards a 9-month low at 1.3357. It has parallel support at 1.3345, below this, it will extend its fall up to 1.3295 levels. The weekly resistance level is at 1.3444, until it trades below 1.3444 on the down side, it will open a gate for 1.3210 and 1.3160 will be possible. On a monthly basis, until the pair closes below 1.3444 on the down side, we can expect 1.3295, 1.31 and 1.2765 (200MEma). If any chance of a close above 1.3444, max it can fly up to 1.3620 but chances are remote.

Weekly resistance 1.3444 1.35 1.3550

Weekly support 1.3357 1.3345 1.3295

The pair is exactly holding the 100WSma level at 1.3357. In yesterday's session, the pair made exactly low at 1.3357. If this week the pair closes below 1.3357, we can see 1.3295 and 1.3210 next week.

Intraweek key support level- 1.3357 (100WSma)