7 Apr 2015
EUR/USD might break above 1.1052 if USD weakens – Kshitij Consultancy
FXStreet (Barcelona) - The Research Team at Kshitij Consultancy gives the technical outlook for EUR/USD and EUR crosses.
Key Quotes
“Euro made an intra-day high of 1.1036 yesterday before closing the session at 1.0934. The first resistance near 1.1024 was broken on the upside but while the crucial 1.1052 holds we may see some stable movement.”
“If the Dollar remains weak there is also a slight possibility of a break above 1.1052 on the upside in the coming sessions.”
“EURJPY has been moving higher since the last 3-sessions; 131.74 is the first resistance which may be tested this week and if it holds may push it lower to 130-128 levels.”
“EURGBP has come off from crucial resistance near 0.737 but we need to see if this holds for some more sessions.”
Key Quotes
“Euro made an intra-day high of 1.1036 yesterday before closing the session at 1.0934. The first resistance near 1.1024 was broken on the upside but while the crucial 1.1052 holds we may see some stable movement.”
“If the Dollar remains weak there is also a slight possibility of a break above 1.1052 on the upside in the coming sessions.”
“EURJPY has been moving higher since the last 3-sessions; 131.74 is the first resistance which may be tested this week and if it holds may push it lower to 130-128 levels.”
“EURGBP has come off from crucial resistance near 0.737 but we need to see if this holds for some more sessions.”