13 Feb 2015
EUR/USD higher in range – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the technical setup for EUR/USD, viewing that the a break below the immediate short-term support at 1.1365 exposes 1.1310 levels.
Key Quotes
“The EUR/USD pair lost some ground early US session, with the pair trading below the 1.1400 level after posting a daily high of 1.1442 earlier in the European session.”
“The dollar grinds slightly higher across the board, but with gains limited far from its weekly highs.”
“From a technical point of view, the 1 hour chart shows that the price accelerated below its 20 SMA, whilst indicators hold in neutral territory with a mild negative tone.”
“In the 4 hours chart technical indicators have lost their upward potential but remain above their midlines, whilst the price holds above a slightly bullish 20 SMA.”
“The pair has been trading between Fibonacci levels, with the daily high set at the 23.6% retracement of the latest daily advance. The 38.2% retracement of the same rally stands at 1.1365 providing immediate short term support, with a break below it exposing the 1.1310 price zone.”
"Support levels: 1.1365 1.1315 1.1280"
"Resistance levels: 1.1400 1.1430 1.1480"
Key Quotes
“The EUR/USD pair lost some ground early US session, with the pair trading below the 1.1400 level after posting a daily high of 1.1442 earlier in the European session.”
“The dollar grinds slightly higher across the board, but with gains limited far from its weekly highs.”
“From a technical point of view, the 1 hour chart shows that the price accelerated below its 20 SMA, whilst indicators hold in neutral territory with a mild negative tone.”
“In the 4 hours chart technical indicators have lost their upward potential but remain above their midlines, whilst the price holds above a slightly bullish 20 SMA.”
“The pair has been trading between Fibonacci levels, with the daily high set at the 23.6% retracement of the latest daily advance. The 38.2% retracement of the same rally stands at 1.1365 providing immediate short term support, with a break below it exposing the 1.1310 price zone.”
"Support levels: 1.1365 1.1315 1.1280"
"Resistance levels: 1.1400 1.1430 1.1480"