30 Jan 2015
EUR/USD likely to test 1.14 levels – FXStreet
FXStreet (Barcelona) - According to FXStreet Editor and Analyst, Omkar Godbole, the EUR/USD pair is likely to test 1.14 levels today, and euro bears would step in only if the pair falls below 1.1318 levels.
Key Quotes
“The EUR/USD pair managed to sustain above the hourly 100-SMA levels yesterday, leading to a positive close at 1.1324 levels.”
“On the hourly charts, the RSI has turned bullish at 59.34 levels, while the pair trades above the inverted head and shoulder neckline (extended) at 1.1317 levels. Thus, the pair is more likely to test 1.14 levels today.”
“Further gains depend on whether the pair confirms the breach of resistance at 1.1423 on the hourly charts. In such a case, the pair could rally top 1.15 levels.”
“On the other hand, a failure to rise above 1.14 is likely to see the pair consolidate in the range of 1.1340-1.14. The EUR bears would come-in once the pair dips below the 5-DMA at 1.1318 levels.”
Key Quotes
“The EUR/USD pair managed to sustain above the hourly 100-SMA levels yesterday, leading to a positive close at 1.1324 levels.”
“On the hourly charts, the RSI has turned bullish at 59.34 levels, while the pair trades above the inverted head and shoulder neckline (extended) at 1.1317 levels. Thus, the pair is more likely to test 1.14 levels today.”
“Further gains depend on whether the pair confirms the breach of resistance at 1.1423 on the hourly charts. In such a case, the pair could rally top 1.15 levels.”
“On the other hand, a failure to rise above 1.14 is likely to see the pair consolidate in the range of 1.1340-1.14. The EUR bears would come-in once the pair dips below the 5-DMA at 1.1318 levels.”