24 Feb 2015
EUR/USD technicals neutral, awaiting Yellen’s speech – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the key levels and the technical outlook for EUR/USD, with the pair trading around 1.1300 area, awaiting Yellen’s testimony.
Key Quotes
“The EUR/USD continues to trade uneventfully around the 1.1300 level, with market's attention now in FED's Yellen testimony before the Houses, due to extend into Wednesday.”
“In Europe, the final revision of January inflation readings came out as expected, barely affecting the pair.”
“Greece sent a letter with the list of measures to apply to continue getting a bailout from the Troika, and its being review by EZ ministers at the time being.”
“Early in the US session, the EUR/USD pair trades around 1.1330 with the 1 hour chart showing that the price struggles around a mild bearish 20 SMA, but holds below 100 and 200 ones, whilst indicators retrace after testing their midlines, maintaining a limited bearish tone.”
“In the 4 hours chart, the technical readings maintain a neutral stance, with the price below a flat 20 SMA and the indicators going nowhere around their midlines.”
“Support levels: 1.1310 1.1280 1.1250”
“Resistance levels: 1.1345 1.1380 1.1430”
Key Quotes
“The EUR/USD continues to trade uneventfully around the 1.1300 level, with market's attention now in FED's Yellen testimony before the Houses, due to extend into Wednesday.”
“In Europe, the final revision of January inflation readings came out as expected, barely affecting the pair.”
“Greece sent a letter with the list of measures to apply to continue getting a bailout from the Troika, and its being review by EZ ministers at the time being.”
“Early in the US session, the EUR/USD pair trades around 1.1330 with the 1 hour chart showing that the price struggles around a mild bearish 20 SMA, but holds below 100 and 200 ones, whilst indicators retrace after testing their midlines, maintaining a limited bearish tone.”
“In the 4 hours chart, the technical readings maintain a neutral stance, with the price below a flat 20 SMA and the indicators going nowhere around their midlines.”
“Support levels: 1.1310 1.1280 1.1250”
“Resistance levels: 1.1345 1.1380 1.1430”