In this video, the Trading Central looks at the currency pair EUR/USD for the February 13th session.
EUR/USD &mddash; The Euro remains under pressure. Let's have a look. On the intraday 30-min chart, we can see that the Euro against the US dollar remain capped by the declining 50-period Moving Average, the blue line. In fact, it has formed a bearish pattern of lower highs which could be drawn by a descending trendline. A key resistance is located at 1.0650 which is a previous support from Friday. Immediate support is located at 1.0610 and below that, at 1.0590.