17 Feb 2015
EUR/USD ready to test 1.1430/40? – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the technical outlook for EUR/USD, expecting a break above 1.1430 to lead the pair towards 1.1480 levels.
Key Quotes
“The EUR/USD pair bounced from a daily low of 1.1321, extending above the 1.1400 level at the time being, on broad dollar weakness”
“The pair continues advancing and the 4 hours chart shows that the price accelerated above its 20 SMA while indicators head slightly higher below their midlines, not reflecting yet the latest advance.”
“The pair seems ready to test the critical resistance level around the 1.1430/40 price zone, where the sellers have appeared these last few days. A break above it is therefore required to confirm further advances, eyeing the 1.1480/1.1500 price zone.”
“The main support comes now at the 1.1360/70 price zone, with a break below implying a retest of the daily low around 1.1320.”
Key Quotes
“The EUR/USD pair bounced from a daily low of 1.1321, extending above the 1.1400 level at the time being, on broad dollar weakness”
“The pair continues advancing and the 4 hours chart shows that the price accelerated above its 20 SMA while indicators head slightly higher below their midlines, not reflecting yet the latest advance.”
“The pair seems ready to test the critical resistance level around the 1.1430/40 price zone, where the sellers have appeared these last few days. A break above it is therefore required to confirm further advances, eyeing the 1.1480/1.1500 price zone.”
“The main support comes now at the 1.1360/70 price zone, with a break below implying a retest of the daily low around 1.1320.”