Back
22 Apr 2015
EUR/USD eyeing 1.0820 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, sees upside potential towards 1.0820 and even 1.0850 for EUR/USD while maintains above 1.0770.
Key Quotes
“Technically, there are not much definitions, considering the 20, 100 and 200 SMAs are all together at current level in the 4 hours chart, a clear sign of the lack of directional strength. The technical indicators in the same time frame head slightly lower below their mid-lines, whilst the mentioned daily descendant trend line stands around 1.0770. The pair needs to accelerate above this last to gain some intraday upward momentum towards 1.0820, whilst if above this last, 1.0850 comes next.”
“Short term buying interest has been surging in the 1.0710 price zone, so it will take a break below this level to see the pair resuming the downside, with 1.0660 as the immediate bearish target.”
Key Quotes
“Technically, there are not much definitions, considering the 20, 100 and 200 SMAs are all together at current level in the 4 hours chart, a clear sign of the lack of directional strength. The technical indicators in the same time frame head slightly lower below their mid-lines, whilst the mentioned daily descendant trend line stands around 1.0770. The pair needs to accelerate above this last to gain some intraday upward momentum towards 1.0820, whilst if above this last, 1.0850 comes next.”
“Short term buying interest has been surging in the 1.0710 price zone, so it will take a break below this level to see the pair resuming the downside, with 1.0660 as the immediate bearish target.”