19 Feb 2015
EUR/USD bullish above 1.1448 – AceTrader
FXStreet (Barcelona) - The AceTrader Team gives the technical outlook for EUR/USD, expecting the pair to trade sideways for today, with chances of an upside move towards 1.1466 on break above 1.1448.
Key Quotes
“Euro's daily swings seen in last few sessions suggest price wud remain confined inside the 2-week long range of 1.1534-1.1270.”
“On the bigger picture, euro's early 3-legged rise fm Jan's 11-year trough at 1.1098 to 1.1534 confirms recent downtrend has made a temp. low there. despite fall to 1.1270, subsequent rebound suggests choppy trading abv 1.1098 wud continue this week.”
“A daily close abv 1.1448 wud bring another rise twd 1.1534 n only a break there wud yield correction to 1.1676/80, this is 50% r of MT intermediate fall fm 1.2254 to 1.1098 n daily res respectively.”
“A daily close below 1.1270 wud suggest said correction is over n bring re-test 1.1098, then twd 'psychological' obj. at 1.1000 in Mar.”
“Today, another day of choppy sideways consolidation is in store, y'day's rebound fm 1.1334 after holding abv Mon's 1.1320 low signals upside bias remains however, only abv 1.1448 wud extend gain to 1.1466 but res at 1.1499 shud hold.”
Key Quotes
“Euro's daily swings seen in last few sessions suggest price wud remain confined inside the 2-week long range of 1.1534-1.1270.”
“On the bigger picture, euro's early 3-legged rise fm Jan's 11-year trough at 1.1098 to 1.1534 confirms recent downtrend has made a temp. low there. despite fall to 1.1270, subsequent rebound suggests choppy trading abv 1.1098 wud continue this week.”
“A daily close abv 1.1448 wud bring another rise twd 1.1534 n only a break there wud yield correction to 1.1676/80, this is 50% r of MT intermediate fall fm 1.2254 to 1.1098 n daily res respectively.”
“A daily close below 1.1270 wud suggest said correction is over n bring re-test 1.1098, then twd 'psychological' obj. at 1.1000 in Mar.”
“Today, another day of choppy sideways consolidation is in store, y'day's rebound fm 1.1334 after holding abv Mon's 1.1320 low signals upside bias remains however, only abv 1.1448 wud extend gain to 1.1466 but res at 1.1499 shud hold.”