22 Dec 2014
EUR/USD trades uneventful, near its daily high of 1.2272 – FXStreet
FXStreet (Barcelona) - The EUR/USD pair trades uneventfully near its daily high of 1.2272, with the technical indicators turning lower, in line with the dominant bearish trend, notes Valeria Bednarik, Chief Analyst at FXStreet.
Key Quotes
“The EUR/USD pair trades uneventfully near its daily high of 1.2272 in an extremely quiet pre-holiday’s Monday. Despite markets are opened all through the world, investors seem to have already closed their trading desks.”
“The slightly positive tone the pair has comes from stocks markets, raising on speculation the ECB will have to embrace QE sooner than expected.”
“Technically the 1 hour chart shows price consolidating in a tight 30 pips range above its 20 SMA, while indicators turned flat also in positive territory.”
“In the 4 hours chart indicators had corrected oversold readings, but are now turning lower below their midlines, in line with the dominant bearish trend.”
Key Quotes
“The EUR/USD pair trades uneventfully near its daily high of 1.2272 in an extremely quiet pre-holiday’s Monday. Despite markets are opened all through the world, investors seem to have already closed their trading desks.”
“The slightly positive tone the pair has comes from stocks markets, raising on speculation the ECB will have to embrace QE sooner than expected.”
“Technically the 1 hour chart shows price consolidating in a tight 30 pips range above its 20 SMA, while indicators turned flat also in positive territory.”
“In the 4 hours chart indicators had corrected oversold readings, but are now turning lower below their midlines, in line with the dominant bearish trend.”