Back
2 Sep 2015
EUR/USD bulls in control above 1.1280 short term - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that EUR/USD had been supported from renewed worldwide stocks slides overnight.
Key Quotes:
"As for the technical picture, the EUR/USD pair traded higher in range, having reached 1.1331 with the European opening, and finding intraday buying interest on a dip to 1.1232, the US session low."
"The pair remains quite choppy ahead of the ECB meeting and the US Payrolls release later on this week, with little room for strong directional moves."
"Short term, a mild positive tone prevails as the 20 SMA heads lower below the current price, whilst the pair holds above 1.1280, the 61.8% retracement of its latest bullish run. In the 4 hours chart, the upside is also favored, with the indicators heading north around their mid-lines, and the 20 SMA providing support around the mentioned session low."
Key Quotes:
"As for the technical picture, the EUR/USD pair traded higher in range, having reached 1.1331 with the European opening, and finding intraday buying interest on a dip to 1.1232, the US session low."
"The pair remains quite choppy ahead of the ECB meeting and the US Payrolls release later on this week, with little room for strong directional moves."
"Short term, a mild positive tone prevails as the 20 SMA heads lower below the current price, whilst the pair holds above 1.1280, the 61.8% retracement of its latest bullish run. In the 4 hours chart, the upside is also favored, with the indicators heading north around their mid-lines, and the 20 SMA providing support around the mentioned session low."