The retreated of the Euro from 3-week highs at 1.4521 found support at 1.4455 and recently it gained momentum and resumed the upside. EUR/USD is currently testing levels on top of 1.4500, at levels not seen since the European morning. At the moment the pair trades at 1.4505, 130 pips above today’s opening price. Since July 4 the EUR/USD does not close a day above the 1.4500 level.
According to Valeria Bednarik, Chief Analyst at FXstreet, hourly charts in the EUR/USD show price well above bullish 20 SMA currently around 1.4440 (previous daily highs and strong support) “while indicators are flat giving no clear signs of further strength either side of the board. 4 hours indicators, hold a timid bullish momentum helping keep the downside limited for now.”
According to Valeria Bednarik, Chief Analyst at FXstreet, hourly charts in the EUR/USD show price well above bullish 20 SMA currently around 1.4440 (previous daily highs and strong support) “while indicators are flat giving no clear signs of further strength either side of the board. 4 hours indicators, hold a timid bullish momentum helping keep the downside limited for now.”
No comments:
Post a Comment