19 Feb 2015
EUR/USD making new highs above 1.14 in Asia
FXStreet (Bali) - EUR/USD has regained the 1.14 handle on the back of a less hawkish than expected Fed minutes, initially sending the rate from 1.1340 to 1.1410, only to extend its gains through Asian hours, currently at 1.1418 highs.
Technical view - Valeria Bednarik, Chief Analyst at FXStreet
"The EUR/USD remains restricted to its recent range, a situation that will likely prevail until Europe finds a solution for the Greek situation."
"The technical picture shows that the pair trades between two trend lines, with the largest below current price, coming from the multi-year low at 1.1097 containing the downside around 1.1340, and the shortest being a descendant trend line currently around 1.1435."
"The 4 hours chart shows that the price hovers around a flat 20 SMA while the technical indicators remain stuck around their mid-lines, giving no clear clues on what's next for the pair."
Technical view - Valeria Bednarik, Chief Analyst at FXStreet
"The EUR/USD remains restricted to its recent range, a situation that will likely prevail until Europe finds a solution for the Greek situation."
"The technical picture shows that the pair trades between two trend lines, with the largest below current price, coming from the multi-year low at 1.1097 containing the downside around 1.1340, and the shortest being a descendant trend line currently around 1.1435."
"The 4 hours chart shows that the price hovers around a flat 20 SMA while the technical indicators remain stuck around their mid-lines, giving no clear clues on what's next for the pair."