24 Mar 2015
EUR/USD: consolidation with an upside bias – AceTrader
FXStreet (Barcelona) - The AceTrader Team gives the technical outlook and key levels for EUR/USD.
Key Quotes
“Euro's rally from last Thursday's low at 1.0613 to as high as 1.0972 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.”
“Looking ahead, above 1.1062 is needed to extend erratic up move from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.”
“On the downside, below 1.0882 (Friday's high, now support) would prolong choppy trading but reckon 1.0834 would contain pullback.“
Key Quotes
“Euro's rally from last Thursday's low at 1.0613 to as high as 1.0972 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.”
“Looking ahead, above 1.1062 is needed to extend erratic up move from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.”
“On the downside, below 1.0882 (Friday's high, now support) would prolong choppy trading but reckon 1.0834 would contain pullback.“