27 Jun 2014
EUR/USD getting closer weekly high of 1.3650 - FXStreet
FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik comments on the EUR/USD moves following the release of better than expected German CPI numbers on Friday, saying that the pair is approaching its weekly high of 1.3650.
Key quotes
"Stocks up in the US and some relaxed confidence ahead of next week events with the EUR/USD hourly chart showing indicators bouncing higher from their midlines and price advancing above a mild bullish 20 SMA."
"In the 4 hours chart however, the neutral stance prevails with 200 EMA flat around 1.3645 acting as immediate short term resistance."
Key quotes
"Stocks up in the US and some relaxed confidence ahead of next week events with the EUR/USD hourly chart showing indicators bouncing higher from their midlines and price advancing above a mild bullish 20 SMA."
"In the 4 hours chart however, the neutral stance prevails with 200 EMA flat around 1.3645 acting as immediate short term resistance."