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11 Dec 2014
EUR/USD eyes 1.2500 levels – FXStreet
FXStreet (Barcelona) - Ani Salama, FXStreet Editor and Analyst, sees the EUR/USD pair eyeing 1.25 levels as it enters the American session trading within the 1.24-1.25 range, with the technicals showing a mild positive tone.
Key Quotes
“EUR/USD has had a volatile day so far, oscillating within 1.24-1.25, now entering the American session overall unchanged.“
“From a technical perspective, short-term charts show a mild positive tone, with indicators crossing midlines bottom-up and and price crawling back into positive ground. A decisive break above 1.2500 would pave the way to a rise toward next resistance area at 1.2530/50 en-route to 1.2597, Nov 19 high.”
“On the flip side, loss of 1.2400 will jeopardize the short-term bullish perspective while a loss of 1.2370, 50% Fibo of 1.2247/1.2494 would set focus back on the downside.”
Key Quotes
“EUR/USD has had a volatile day so far, oscillating within 1.24-1.25, now entering the American session overall unchanged.“
“From a technical perspective, short-term charts show a mild positive tone, with indicators crossing midlines bottom-up and and price crawling back into positive ground. A decisive break above 1.2500 would pave the way to a rise toward next resistance area at 1.2530/50 en-route to 1.2597, Nov 19 high.”
“On the flip side, loss of 1.2400 will jeopardize the short-term bullish perspective while a loss of 1.2370, 50% Fibo of 1.2247/1.2494 would set focus back on the downside.”