16 Jul 2015
EUR/USD analyses ahead of Greek parliament vote - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the conditions surrounding EUR/USD ahead of the Greek parliament vote.
Key Quotes:
"Maintains the bearish bias, as the 1 hour chart shows that the price is limited to the upside by former lows in the 1.0950/60 region, whilst the 20 SMA has extended its decline and now offers an intraday dynamic resistance in the 1.0990 region, whilst the technical indicators have reached oversold readings before stabilizing."
"In the 4 hours chart, the 20 SMA turned sharply lower above the current level, whilst the RSI indicator continues heading south around 38, supporting additional declines on a break below 1.0920, last week low and the immediate support."
Key Quotes:
"Maintains the bearish bias, as the 1 hour chart shows that the price is limited to the upside by former lows in the 1.0950/60 region, whilst the 20 SMA has extended its decline and now offers an intraday dynamic resistance in the 1.0990 region, whilst the technical indicators have reached oversold readings before stabilizing."
"In the 4 hours chart, the 20 SMA turned sharply lower above the current level, whilst the RSI indicator continues heading south around 38, supporting additional declines on a break below 1.0920, last week low and the immediate support."