8 Apr 2015
EUR/USD: Additional declines on the horizon - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the technical picture around EUR/USD.
Key Quotes:
"Technically, the EUR/USD pair remains biased lower in the short term, as the 1 hour char shows that the price is back below its moving averages, whilst the technical indicators head south in negative territory, and even the RSI maintains its bearish slope, despite being at 27."
"In the 4 hours chart the technical picture also points for additional declines, particularly after the pair failed to advance beyond 1.0865 intraday, the 38.2% retracement of the February/March decline."
"Support levels: 1.0810 1.0770 1.0725 , Resistance levels: 1.0865 1.0900 1.0950".
Key Quotes:
"Technically, the EUR/USD pair remains biased lower in the short term, as the 1 hour char shows that the price is back below its moving averages, whilst the technical indicators head south in negative territory, and even the RSI maintains its bearish slope, despite being at 27."
"In the 4 hours chart the technical picture also points for additional declines, particularly after the pair failed to advance beyond 1.0865 intraday, the 38.2% retracement of the February/March decline."
"Support levels: 1.0810 1.0770 1.0725 , Resistance levels: 1.0865 1.0900 1.0950".