FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the financial markets posted quite mixed results this Tuesday, with steady losses in the EUR and the JPY against the greenback, oil prices surging to fresh 3-week highs, and gold plummeting to a 5-week low, being the most notable developments. Key Quotes: "Dollar's demand started in the European morning, although the lack of fundamental data kept rallies limited. " "But as US traders reached their desks, and the country released macro data, the movements gained momentum. The ISM New York Index resulted at 65.8 in October, from a previous 44.5 leading to a dollar rally all across the board that pushed the EUR/USD pair down to 1.0935. The greenback, however, eased as factory orders fell for a second straight month in September, down by 1.0% after a downwardly revised 2.1% drop in August, which helped the pair to bounce back towards the 1.0960 level, where it stands by the end of the day." "The EUR/USD pair is clearly bearish, ever since the imbalance between both Central Banks became more clear after their respective October meetings, and this latest break below 1.1000 support a continued decline ahead, albeit limited, as investors will be waiting for Friday's US NFP release to define whether they can resume EUR selling. Short term, the 1 hour chart shows that the price remains well below a strongly bearish 20 SMA that is crossing below the 100 SMA, whist the technical indicators are bouncing from oversold levels, rather reflecting the latest recovery than suggesting bullish strength. In the 4 hours chart, the Momentum indicator presents a bearish slope below their mid-lines, whilst the RSI hovers in negative territory and the price stands below its 20 SMA, all of which supports further declines." For more information, read our latest forex news.