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2 Apr 2015
EUR/USD: strong barrier at 1.0865– FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook and key levels for EUR/USD, noting that with the pair trading higher in range, a strong resistance can be found at 1.0865 levels.
Key Quotes
“The EUR is being benefited by a sliding Pound, following UK weak construction data, and the EUR/USD trades near the daily high set at 1.0843.”
“In the 4 hours chart, the pair has advanced above its 20 SMA that anyway maintains a bearish slope, whilst the technical indicators present a tepid bullish tone, now crossing their mid-lines to the upside.”
“Additional gains should find strong resistance around 1.0865, the 38.2% retracement of the latest monthly fall, and beyond it, the pair can extend up to 1.0900."
“Below the 1.0800 figure on the other hand, may see the pair returning towards its comfort zone around 1.0750, with the next support then at 1.0710.”
Key Quotes
“The EUR is being benefited by a sliding Pound, following UK weak construction data, and the EUR/USD trades near the daily high set at 1.0843.”
“In the 4 hours chart, the pair has advanced above its 20 SMA that anyway maintains a bearish slope, whilst the technical indicators present a tepid bullish tone, now crossing their mid-lines to the upside.”
“Additional gains should find strong resistance around 1.0865, the 38.2% retracement of the latest monthly fall, and beyond it, the pair can extend up to 1.0900."
“Below the 1.0800 figure on the other hand, may see the pair returning towards its comfort zone around 1.0750, with the next support then at 1.0710.”