28 May 2014
EUR/USD capped b 1.3640
FXStreet (Bali) - Currently, EUR/USD is trading at 1.3633,unchanged on the day, having posted a daily high at 1.3638 and low at 1.3626.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 56.78, up from 50.51 at the last hour close, while ADX is ranging at 25.02, up from 21.43 previous.
Meanwhile, daily RSI is in neutral territory at 31.81. On the hourly EUR/USD chart, the 200 SMA is declining and currently at 1.3639, down from the previous hour close at 1.3675. On average, the exponential closing price for the past 20 days is 1.3725, with the trend indicating a continuation lower ahead.
According to Valeria Bednarik, Chief Analyst at FXStreet: "The hourly chart shows indicators correcting higher from oversold levels, but price still below a bearish 20 SMA which keeps bears in the drivers’ seat. In the 4 hours chart the technical picture is also mild bearish, with 20 SMA above current price and indicators below their midlines, albeit lacking strength. Daily candle is about to confirm a doji, reflecting the uncertainty surrounding the pair right now. "
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 56.78, up from 50.51 at the last hour close, while ADX is ranging at 25.02, up from 21.43 previous.
Meanwhile, daily RSI is in neutral territory at 31.81. On the hourly EUR/USD chart, the 200 SMA is declining and currently at 1.3639, down from the previous hour close at 1.3675. On average, the exponential closing price for the past 20 days is 1.3725, with the trend indicating a continuation lower ahead.
According to Valeria Bednarik, Chief Analyst at FXStreet: "The hourly chart shows indicators correcting higher from oversold levels, but price still below a bearish 20 SMA which keeps bears in the drivers’ seat. In the 4 hours chart the technical picture is also mild bearish, with 20 SMA above current price and indicators below their midlines, albeit lacking strength. Daily candle is about to confirm a doji, reflecting the uncertainty surrounding the pair right now. "