16 Feb 2015
EUR/USD pressuring 1.1400 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, gives the key technical levels for EUR/USD, with the pair awaiting a catalyst to break from its 1.1365-1.1440 range.
Key Quotes
“The EUR/USD pair trades in a quite limited range above the 1.1400 level but below the 1.1440 price zone, as the lack of scheduled fundamental data and the ongoing Eurogroup meeting keeps investors in cautious mode.”
“Furthermore, the US will be closed on holidays, anticipating further range trading, as long as news coming from Greece don't trigger sentiment-driven moves.”
“Short term, the 1 hour chart shows that the price hovers around a flat 20 SMA, whilst the technical indicators present a neutral stance, as the Momentum indicator stands horizontal barely above 100 and the RSI hovers around 50.”
“In the 4 hours chart indicators turned lower towards their midlines, but the price remains above a bullish 20 SMA, leaving also a neutral technical stance.”
“The price needs to advance above 1.1440 or below 1.1365 to be able to set a more directional move in the short term.”
“Support levels: 1.1365 1.1320 1.1280”
“Resistance levels: 1.1430 1.1480 1.1535”
Key Quotes
“The EUR/USD pair trades in a quite limited range above the 1.1400 level but below the 1.1440 price zone, as the lack of scheduled fundamental data and the ongoing Eurogroup meeting keeps investors in cautious mode.”
“Furthermore, the US will be closed on holidays, anticipating further range trading, as long as news coming from Greece don't trigger sentiment-driven moves.”
“Short term, the 1 hour chart shows that the price hovers around a flat 20 SMA, whilst the technical indicators present a neutral stance, as the Momentum indicator stands horizontal barely above 100 and the RSI hovers around 50.”
“In the 4 hours chart indicators turned lower towards their midlines, but the price remains above a bullish 20 SMA, leaving also a neutral technical stance.”
“The price needs to advance above 1.1440 or below 1.1365 to be able to set a more directional move in the short term.”
“Support levels: 1.1365 1.1320 1.1280”
“Resistance levels: 1.1430 1.1480 1.1535”