26 Mar 2015
EUR/USD finds some rest at 1.0855; more bearishness on the panorama
FXStreet (Tokyo) - It was hard, let's say almost 200 pips down from 1.1050 to today's lows at 1.0855. Then, the EUR/USD found some buying interest. So the EUR/USD is now moving at 1.0875.
You're right. Shy buying interest, but buyers at least. Currently, EUR/USD is trading at 1.0879, down 0.81% on the day, having posted a daily high at 1.1053 and low at 1.0857.
EUR/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
EUR/USD sentiment
The US Dollar index remains in the negative territory in the weekly basis. However, as FXStreet analyst Pablo Piovano commented in a recent report, "positive results from tomorrow's docket in the US economy carry the potential to push the USD higher and revert the negative weekly performance."
That's mean more EUR/USD bearishness. If the pair extends its decline beyond 1.0855, 1.0845 is the next resistance ahead of 1.0820. To the upside, 1.0900, 1.0950 and 1.1000 are the resistances.
You're right. Shy buying interest, but buyers at least. Currently, EUR/USD is trading at 1.0879, down 0.81% on the day, having posted a daily high at 1.1053 and low at 1.0857.
EUR/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
EUR/USD sentiment
The US Dollar index remains in the negative territory in the weekly basis. However, as FXStreet analyst Pablo Piovano commented in a recent report, "positive results from tomorrow's docket in the US economy carry the potential to push the USD higher and revert the negative weekly performance."
That's mean more EUR/USD bearishness. If the pair extends its decline beyond 1.0855, 1.0845 is the next resistance ahead of 1.0820. To the upside, 1.0900, 1.0950 and 1.1000 are the resistances.