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27 Mar 2015
EUR/USD sellers at 1.0950 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook for EUR/USD, noting that the pair might edge higher towards 1.0900 if it holds above 1.0865 levels.
Key Quotes
“After the US GDP release, the EUR/USD pair trades above the 1.0865 level 38.2% retracement of its latest bearish run, with the short term picture showing that the indicators remain below their midlines and the price below aiming to advance above the 20 SMA, having found some short term buyers around the 200 SMA.”
“Having established a daily low at 1.0800, a break through the level should lead to a downward continuation, with the immediate support at 1.0760, followed then by 1.0710, 23.6% retracement of the same rally.”
“Above 1.0865 the pair can advance up to 1.0900, and above towards 1.0950, with sellers probably surging around this last.”
“Support levels: 1.0800 1.0760 1.0710”
“Resistance levels: 1.0865 1.0900 1.0950“
Key Quotes
“After the US GDP release, the EUR/USD pair trades above the 1.0865 level 38.2% retracement of its latest bearish run, with the short term picture showing that the indicators remain below their midlines and the price below aiming to advance above the 20 SMA, having found some short term buyers around the 200 SMA.”
“Having established a daily low at 1.0800, a break through the level should lead to a downward continuation, with the immediate support at 1.0760, followed then by 1.0710, 23.6% retracement of the same rally.”
“Above 1.0865 the pair can advance up to 1.0900, and above towards 1.0950, with sellers probably surging around this last.”
“Support levels: 1.0800 1.0760 1.0710”
“Resistance levels: 1.0865 1.0900 1.0950“