25 Mar 2015
EUR/USD unable to sustain gains above 1.1000 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook and key levels for EUR/USD.
Key Quotes
“The EUR/USD has been finding buyers ever since the European opening, but so far is unable to sustain gains beyond the 1.1000 area, a tough bone to break.”
“The intraday technical picture maintains a bullish stance, with the price advancing above a mild bullish 20 SMA and the technical indicators holding above their mid-lines, albeit showing no directional strength at the time being.”
“In the 4 hours chart, the 20 SMA maintains a strong bullish slope well below the current price, acting as dynamic support around 1.0890, while the technical indicators present mild bullish slopes above their midlines, supporting additional gains should the 1.1000 level is finally broken.”
“Support levels: 1.0955 1.0920 1.0890”
“Resistance levels: 1.1000 1.1040 1.1085”
Key Quotes
“The EUR/USD has been finding buyers ever since the European opening, but so far is unable to sustain gains beyond the 1.1000 area, a tough bone to break.”
“The intraday technical picture maintains a bullish stance, with the price advancing above a mild bullish 20 SMA and the technical indicators holding above their mid-lines, albeit showing no directional strength at the time being.”
“In the 4 hours chart, the 20 SMA maintains a strong bullish slope well below the current price, acting as dynamic support around 1.0890, while the technical indicators present mild bullish slopes above their midlines, supporting additional gains should the 1.1000 level is finally broken.”
“Support levels: 1.0955 1.0920 1.0890”
“Resistance levels: 1.1000 1.1040 1.1085”