8 Apr 2015
EUR/USD struggling around 1.0865 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, share the technical outlook and key levels for EUR/USD, noting that the pair favours the upside towards 1.0910 as long as 1.0840 holds.
Key Quotes
“The dollar fell against all of its rivals with the European opening, albeit the EUR/USD rally stalled around the 1.0880 price zone. With no catalyst behind the dollar sell-off, the American currency remains pressured ahead of the US opening, with the EUR/USD pair trading a handful of pips below the mentioned price zone.”
“Technically, the short term picture favors some further advances, with the 1 hour chart showing the price holds above a flat 20 SMA, currently providing intraday support at 1.0840, whilst the technical indicators aim higher in positive territory.”
“In the 4 hours chart however, the price remains below its 20 SMA, the immediate dynamic resistance around 1.0910, whilst the technical indicators turned lower below their mid-lines, limiting the upside.”
“Nevertheless, the upside is favored towards the 1.0910 mentioned level, as long as buyers surge around 1.0840.”
“Support levels: 1.0840 1.0810 1.0770“
“Resistance levels: 1.0910 1.0950 1.1000”
Key Quotes
“The dollar fell against all of its rivals with the European opening, albeit the EUR/USD rally stalled around the 1.0880 price zone. With no catalyst behind the dollar sell-off, the American currency remains pressured ahead of the US opening, with the EUR/USD pair trading a handful of pips below the mentioned price zone.”
“Technically, the short term picture favors some further advances, with the 1 hour chart showing the price holds above a flat 20 SMA, currently providing intraday support at 1.0840, whilst the technical indicators aim higher in positive territory.”
“In the 4 hours chart however, the price remains below its 20 SMA, the immediate dynamic resistance around 1.0910, whilst the technical indicators turned lower below their mid-lines, limiting the upside.”
“Nevertheless, the upside is favored towards the 1.0910 mentioned level, as long as buyers surge around 1.0840.”
“Support levels: 1.0840 1.0810 1.0770“
“Resistance levels: 1.0910 1.0950 1.1000”