17 Mar 2015
EUR/USD key support at 1.0550 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook for EUR/USD, noting that the key support for the pair stands at 1.0550, a break below which might expose 1.0500 levels.
Key Quotes
“The intraday technical picture maintains a mild positive tone, with the pair finding intraday buyers around a flat 20 SMA in the 1.0560 price zone, and the indicators steady around their midlines, lacking directional strength at the time being.”
“An upward acceleration through the 1.0620 level may lead to a continued advance up to the 1.0650/60 price zone, while above this last an approach to the 1.0700 level seems likely.”
“The main support stands at 1.0550 and a break below it exposes the 1.0500 level.“
Key Quotes
“The intraday technical picture maintains a mild positive tone, with the pair finding intraday buyers around a flat 20 SMA in the 1.0560 price zone, and the indicators steady around their midlines, lacking directional strength at the time being.”
“An upward acceleration through the 1.0620 level may lead to a continued advance up to the 1.0650/60 price zone, while above this last an approach to the 1.0700 level seems likely.”
“The main support stands at 1.0550 and a break below it exposes the 1.0500 level.“