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2 Jun 2015
GBP/USD technically neutral - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained the technical conditions surrounding EUR/USD.
"EUR/USD extended its advance beyond the 1.0950 level, and the 1hour chart shows that the price aims to advance beyond its 20 SMA, whilst the technical indicators turned higher, but remain below their mid-lines."
"In the 4 hours chart, the technical indicators are bouncing from their mid-lines whilst the price moves back and forth around a flat 20 SMA, presenting an overall neutral stance.
"Support levels: 1.0950 1.0900 1.0860. Resistance levels: 1.1000 1.1050 1.1090."
"EUR/USD extended its advance beyond the 1.0950 level, and the 1hour chart shows that the price aims to advance beyond its 20 SMA, whilst the technical indicators turned higher, but remain below their mid-lines."
"In the 4 hours chart, the technical indicators are bouncing from their mid-lines whilst the price moves back and forth around a flat 20 SMA, presenting an overall neutral stance.
"Support levels: 1.0950 1.0900 1.0860. Resistance levels: 1.1000 1.1050 1.1090."