15 Jun 2015
EUR/USD: Markets positioned for a Grexit - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that EUR/USD reached a daily high of 1.1286, suffering a knee jerk amid headlines suggesting the EU is getting ready for a Greek default, with some confusing headlines about imposing capital controls to Greece.
Key Quotes:
"Nevertheless, the pair recovered the lost ground, and trades near the 1.1300 level ahead of the US close, with the 1 hour chart showing that the price recovered above its moving averages, whilst the technical indicators head higher above their mid-lines, supporting additional short term advances."
"In the 4 hours chart, the price extended above its 20 SMA, whilst the technical indicators crossed their mid-lines towards the upside and maintain a tepid bullish tone, supporting the shorter term view."
Key Quotes:
"Nevertheless, the pair recovered the lost ground, and trades near the 1.1300 level ahead of the US close, with the 1 hour chart showing that the price recovered above its moving averages, whilst the technical indicators head higher above their mid-lines, supporting additional short term advances."
"In the 4 hours chart, the price extended above its 20 SMA, whilst the technical indicators crossed their mid-lines towards the upside and maintain a tepid bullish tone, supporting the shorter term view."