18 May 2015
EUR/USD: Bears are on top - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that EUR/USD maintains a bearish short term tone.
Key Quotes:
"The 1 hour chart shows that the pair broke below its 20 and 100 SMAs, whilst the technical indicators head south near oversold territory, supporting additional declines."
"In the same chart, the 200 SMA provides an immediate short term support around 1.1295, with a break below it required to confirm a bearish continuation."
"In the 4 hours chart, the 20 SMA stands flat around the 1.1400 level, whilst the Momentum indicator heads lower below 100 and the RSI indicator also heads south around 43, supporting the shorter term view."
Key Quotes:
"The 1 hour chart shows that the pair broke below its 20 and 100 SMAs, whilst the technical indicators head south near oversold territory, supporting additional declines."
"In the same chart, the 200 SMA provides an immediate short term support around 1.1295, with a break below it required to confirm a bearish continuation."
"In the 4 hours chart, the 20 SMA stands flat around the 1.1400 level, whilst the Momentum indicator heads lower below 100 and the RSI indicator also heads south around 43, supporting the shorter term view."