17 Jun 2015
EUR/USD: short-term technicals favour the upside – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, explains that the short-term technical picture for EUR/USD favours additional gains, with nearest resistance at 1.1290 and support at 1.1245.
Key Quotes
“The short term technical picture for the EUR/USD pair favors additional gains, as the 1 hour chart shows that the price develops above its moving averages, whilst the technical indicators aim higher above their mid-lines.”
“In the 4 hours chart, the 20 SMA provides an immediate short term support around 1.1245, whilst the technical indicators are heading slightly lower above their mid-lines, supporting the shorter term view."
“Support levels: 1.1245 1.1200 1.1160”
“Resistance levels: 1.1290 1.1330 1.1365”
Key Quotes
“The short term technical picture for the EUR/USD pair favors additional gains, as the 1 hour chart shows that the price develops above its moving averages, whilst the technical indicators aim higher above their mid-lines.”
“In the 4 hours chart, the 20 SMA provides an immediate short term support around 1.1245, whilst the technical indicators are heading slightly lower above their mid-lines, supporting the shorter term view."
“Support levels: 1.1245 1.1200 1.1160”
“Resistance levels: 1.1290 1.1330 1.1365”