28 Apr 2015
EUR/USD upside capped at 1.0908-1.0925 – FXStreet
FXStreet (Barcelona) - With EUR/USD supported by the rising trendline on hourly charts, the pair might face stiff resistance at 1.0908-1.0925 levels, notes Omkar Godbole, FXStreet Editor and Analyst.
Key Quotes
“The pair, currently trading at 1.0873, is being supported by the rising trend line on the hourly chart. A breach of the same could push the hourly RSI below 50.00, although fresh offers are seen only below 1.0860 (61.8% Fib expansion of 1.0519-1.0847-1.0658).”
“A break below 1.0860 could drive the pair lower to 1.0822.”
“Meanwhile, the immediate upside appears capped at 1.0908-1.0925. A rise above the same could see fresh buying interest, leading the pair to 1.0985 levels.”
Key Quotes
“The pair, currently trading at 1.0873, is being supported by the rising trend line on the hourly chart. A breach of the same could push the hourly RSI below 50.00, although fresh offers are seen only below 1.0860 (61.8% Fib expansion of 1.0519-1.0847-1.0658).”
“A break below 1.0860 could drive the pair lower to 1.0822.”
“Meanwhile, the immediate upside appears capped at 1.0908-1.0925. A rise above the same could see fresh buying interest, leading the pair to 1.0985 levels.”