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3 Jun 2015
EUR/USD: Bullish above 1.1000 - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the technical conditions surrounding EUR/USD.
Key Quotes:
"Support levels: 1.1000 1.0950 1.0910. Resistance levels: 1.1050 1.1085 1.1120."
"EUR/USD trades in overbought levels according to intraday charts and following the latest advance, although further gains can be expected if the pair holds above the 1.1000 mark."
"In the 4 hours chart, the technical picture is also positive, as the price extended above a mild positive 20 SMA, whilst the technical indicators have lost their upward strength, but remain in positive territory. Renewed buying interest beyond 1.1050, should lead to an advance up to 1.1120, a strong static resistance level, furthermore on more positive news."
Key Quotes:
"Support levels: 1.1000 1.0950 1.0910. Resistance levels: 1.1050 1.1085 1.1120."
"EUR/USD trades in overbought levels according to intraday charts and following the latest advance, although further gains can be expected if the pair holds above the 1.1000 mark."
"In the 4 hours chart, the technical picture is also positive, as the price extended above a mild positive 20 SMA, whilst the technical indicators have lost their upward strength, but remain in positive territory. Renewed buying interest beyond 1.1050, should lead to an advance up to 1.1120, a strong static resistance level, furthermore on more positive news."