Back
11 Jun 2014
EUR/USD unable to attract buyers limited below 1.3570/80 price zone - FXStreet
FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik EUR/USD remarks that EUR/USD bounced some after posting a daily low of 1.3521, still unable to attract buyers limited below 1.3570/80 price zone, former lows and immediate resistance.
Key quotes
“The hourly chart shows price above its 20 SMA but indicators turning flat around their midlines, loosing early upward momentum.”
“In the 4 hours chart indicators aim slightly higher from oversold levels, supporting current upward corrective movement, albeit 20 SMA maintains a strong bearish slope, offering dynamic resistance also around 1.3580.”
“With no much news to move the pair, market players are keeping their eyes on yields differentials and stocks, the first shrinking the second falling.”
Key quotes
“The hourly chart shows price above its 20 SMA but indicators turning flat around their midlines, loosing early upward momentum.”
“In the 4 hours chart indicators aim slightly higher from oversold levels, supporting current upward corrective movement, albeit 20 SMA maintains a strong bearish slope, offering dynamic resistance also around 1.3580.”
“With no much news to move the pair, market players are keeping their eyes on yields differentials and stocks, the first shrinking the second falling.”