8 Dec 2014
EUR/USD holding form on the bid
FXStreet (Guatemala) - EUR/USD is trading at 1.2323, up 0.28% on the day, having posted a daily high at 1.2326 and low at 1.2247.
EUR/USD maintains a strong bullish bias currently and holds above the 1.23 handle. The pair rallied from 1.2250 to meet the bearish gap and lest the bulls have some profits in an overall bearish picture on the major. Taking a look to the daily chart, we see that RSI is still neutral at 37.66 and leaves us with a general bearish bias tone ahead of the FOMC this month.
Noteworthy levels
With spot trading at 1.2324, we can see next resistance ahead at 1.2326 (Daily High), 1.2339 (Hourly 100 SMA), 1.2356 (Weekly Classic PP), 1.2366 (Daily Classic R1) and 1.2394 (Yesterday's High). Support below can be found at 1.2318 (Daily Classic PP), 1.2290 (YTD Low), 1.2290 (Monthly Low), 1.2290 (Weekly Low) and 1.2290 (Annual Low).
EUR/USD maintains a strong bullish bias currently and holds above the 1.23 handle. The pair rallied from 1.2250 to meet the bearish gap and lest the bulls have some profits in an overall bearish picture on the major. Taking a look to the daily chart, we see that RSI is still neutral at 37.66 and leaves us with a general bearish bias tone ahead of the FOMC this month.
Noteworthy levels
With spot trading at 1.2324, we can see next resistance ahead at 1.2326 (Daily High), 1.2339 (Hourly 100 SMA), 1.2356 (Weekly Classic PP), 1.2366 (Daily Classic R1) and 1.2394 (Yesterday's High). Support below can be found at 1.2318 (Daily Classic PP), 1.2290 (YTD Low), 1.2290 (Monthly Low), 1.2290 (Weekly Low) and 1.2290 (Annual Low).