EURUSD: The 1.0730 barrier is crucial – Natixis

Analysts at Natixis, explains that as the daily stochastic is oversold for EURUSD pair and as the daily volatility has stabilized, they anticipate new rallies towards the 1.0730 barrier.

Key Quotes

“This resistance is crucial: only its clearance would lessen the risks of a pullback to a key support at 1.0630 (weekly Bollinger moving average) and would suggest a pronounced rally to 1.08 (9-month moving average) ahead of 1.0842-1.0867 (daily Bollinger upper band). The supports stand at 1.0630, at 1.0575-1.0592, at 1.0520 and at 1.0444.”