11 May 2015
EUR/USD 1.1215 key upside level - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that EUR/USD trades well below the 1.1200 figure having been as low as 1.1130 intraday.
Key Quotes:
"Technically, the 1 hour chart shows that the price struggles around a bearish 20 SMA and well below the 100 and 200 SMAs, whilst the technical indicators are standing neutral around their mid-lines."
"In the 4 hours chart the 20 SMA maintains a strong bearish slope well above the current level, whilst the technical indicators are regaining the upside, but still in negative territory, all of which limits chances of a stronger advance."
"The pair needs to firm up above the 1.1215 region to be able to regain the upside, whilst on the other hand, a break below 1.1120 should see the pair resuming its decline towards the 1.1050 region."
Key Quotes:
"Technically, the 1 hour chart shows that the price struggles around a bearish 20 SMA and well below the 100 and 200 SMAs, whilst the technical indicators are standing neutral around their mid-lines."
"In the 4 hours chart the 20 SMA maintains a strong bearish slope well above the current level, whilst the technical indicators are regaining the upside, but still in negative territory, all of which limits chances of a stronger advance."
"The pair needs to firm up above the 1.1215 region to be able to regain the upside, whilst on the other hand, a break below 1.1120 should see the pair resuming its decline towards the 1.1050 region."