12 Feb 2015
EUR/USD sellers around 1.1365 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares that EUR/USD pair technicals suggest the pair is currently exhibiting a neutral stance, with Greece uncertainty still looming over the single currency.
Key Quotes
“Mixed news coming from the EU fin min meeting early in the Asian session, sent the EUR and local share markets lower at the beginning of the day, as negotiations between Greece and the EU are far from done.”
“The EUR/USD pair however, sees a limited recovery above the 1.1315 Fibonacci level, trading still in a quite limited range around it.”
“In the 4 hours chart, the pair presents a neutral technical stance, with the indicators flat around their midlines and 20 SMA converging with the mentioned Fibonacci level.”
“A break below 1.1250 is still the trigger of a downward extension, pointing for a decline down to the 1.1180/1.1210 price zone, while selling interest awaits around 1.1365 and only some steady gains above it will open doors for a rally up to 1.1440.”
Key Quotes
“Mixed news coming from the EU fin min meeting early in the Asian session, sent the EUR and local share markets lower at the beginning of the day, as negotiations between Greece and the EU are far from done.”
“The EUR/USD pair however, sees a limited recovery above the 1.1315 Fibonacci level, trading still in a quite limited range around it.”
“In the 4 hours chart, the pair presents a neutral technical stance, with the indicators flat around their midlines and 20 SMA converging with the mentioned Fibonacci level.”
“A break below 1.1250 is still the trigger of a downward extension, pointing for a decline down to the 1.1180/1.1210 price zone, while selling interest awaits around 1.1365 and only some steady gains above it will open doors for a rally up to 1.1440.”