7 Apr 2015
EUR/USD sellers around 1.0865 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, views that EUR/USD might remain capped at 1.0845, with hourly technicals suggesting the pair favours the downside.
Key Quotes
“The EUR/USD pair accelerated its decline after triggering further stops below the 1.0900 figure, having posted a daily low of 1.0833 mid European session.”
“EUR/USD remains capped below the strong Fibonacci resistance around 1.0865, and the 1 hour chart suggest the downside remains favored, as the price is now below its moving averages, whilst the technical indicators head lower below their mid-lines.”
“In the 4 hours chart, the technical indicators are losing downward strength after crossing their mid-lines, while the20 offers now intraday resistance in the 1.0900 area.”
“Support levels: 1.0810 1.0770 1.0725”
“Resistance levels: 1.0865 1.0900 1.0950”
Key Quotes
“The EUR/USD pair accelerated its decline after triggering further stops below the 1.0900 figure, having posted a daily low of 1.0833 mid European session.”
“EUR/USD remains capped below the strong Fibonacci resistance around 1.0865, and the 1 hour chart suggest the downside remains favored, as the price is now below its moving averages, whilst the technical indicators head lower below their mid-lines.”
“In the 4 hours chart, the technical indicators are losing downward strength after crossing their mid-lines, while the20 offers now intraday resistance in the 1.0900 area.”
“Support levels: 1.0810 1.0770 1.0725”
“Resistance levels: 1.0865 1.0900 1.0950”