20 Mar 2015
EUR/USD: break above 1.0710 might target 1.0750/60 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook and key levels for EUR/USD.
Key Quotes
“The 4 hours chart for the EUR/USD shows that the price holds above a mild bullish 20 SMA a few pips below the current level, whilst the indicators stand flat above their midlines.”
“A price acceleration through 1.0710 should lead to an upward continuation towards the 1.0750/60 price zone, albeit selling interest will likely surge around this last.”
“To the downside, 1.0650 is the immediate support, with a break below it favoring a test of the 1.0600/10 price zone.”
Key Quotes
“The 4 hours chart for the EUR/USD shows that the price holds above a mild bullish 20 SMA a few pips below the current level, whilst the indicators stand flat above their midlines.”
“A price acceleration through 1.0710 should lead to an upward continuation towards the 1.0750/60 price zone, albeit selling interest will likely surge around this last.”
“To the downside, 1.0650 is the immediate support, with a break below it favoring a test of the 1.0600/10 price zone.”