26 Jan 2015
EUR/USD little upward risk below 1.1290 – FXStreet
FXStreet (Barcelona) - According to Valeria Bednarik, Chief Analyst at FXStreet, EUR/USD short-term picture favours the upside, with the pair now moving closer to the immediate resistance at 1.1285 levels.
Key Quotes
“Following a recovery from a fresh 11-year low at 1.1097 posted early Asian session, the EUR/USD pair advances to fresh daily highs in the 1.1270 price zone.”
“The lack of relevant data, stocks momentum, and market speculation the SNB continues to intervene the currency markets to keep franc down despite lifting the cap, is giving the common currency a breather this Monday.”
“The pair continues to trade in wide intraday ranges, having so far moved around 180 pips.”
“Technically, the short term picture favors the upside, with the 1 hour chart showing indicators aiming higher above their midlines, and price approaching 1.1285 area, the immediate static resistance.”
“In the 4 hours chart indicators lost upward strength after recovering from extreme oversold levels, whilst 20 SMA maintains a strong bearish slope limiting the upside around 1.1325 in case of further advances.”
Key Quotes
“Following a recovery from a fresh 11-year low at 1.1097 posted early Asian session, the EUR/USD pair advances to fresh daily highs in the 1.1270 price zone.”
“The lack of relevant data, stocks momentum, and market speculation the SNB continues to intervene the currency markets to keep franc down despite lifting the cap, is giving the common currency a breather this Monday.”
“The pair continues to trade in wide intraday ranges, having so far moved around 180 pips.”
“Technically, the short term picture favors the upside, with the 1 hour chart showing indicators aiming higher above their midlines, and price approaching 1.1285 area, the immediate static resistance.”
“In the 4 hours chart indicators lost upward strength after recovering from extreme oversold levels, whilst 20 SMA maintains a strong bearish slope limiting the upside around 1.1325 in case of further advances.”