Back
10 Feb 2014
Flash: EUR/USD choppy but bullish - FXStreet
FXStreet (Barcelona) - Valeria Bednarik, FXStreet Chief Analyst notes that EUR/USD trades slightly higher in a quiet consolidative Monday, having reached an intraday high of 1.3650, albeit lacking momentum within US session: with no data around while market players decided yet again to sit back and wait for further data to decide where to go.
Key Quotes
“Nevertheless, the pair maintains a pretty positive tone having found buyers on approaches to 1.3610 and with the hourly chart showing 20 SMA offering now intraday support as indicators hold in positive territory.”
“In the 4 hours chart technical indicators maintain a bullish tone, while price holds well above its 200 EMA, currently around 1.3590: as long as above this last, bulls remain in control with a price acceleration above 1.3660 required to confirm a new leg higher.”
“Support levels: 1.3590 1.3550 1.3510. Resistance levels: 1.3660 1.3710 1.3745.”
Key Quotes
“Nevertheless, the pair maintains a pretty positive tone having found buyers on approaches to 1.3610 and with the hourly chart showing 20 SMA offering now intraday support as indicators hold in positive territory.”
“In the 4 hours chart technical indicators maintain a bullish tone, while price holds well above its 200 EMA, currently around 1.3590: as long as above this last, bulls remain in control with a price acceleration above 1.3660 required to confirm a new leg higher.”
“Support levels: 1.3590 1.3550 1.3510. Resistance levels: 1.3660 1.3710 1.3745.”