Back
25 Feb 2015
EUR/USD still in range, in need of a catalyst for direction – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook and key levels for EUR/USD, with the pair in need of a catalyst to break out from its 1.1250 – 1.1440 range.
Key Quotes
“The EUR/USD pair advanced up to 1.1388, a fresh 3-day high, as the dollar came under broad pressure after Yellen announced yesterday that there won't be a rate hike at least for the next couple of meetings.”
“In the meantime, the pair trades within its latest range, and the 1 hour chart shows that the price is now contained below its 20 SMA that converges with 100 one around 1.1350, while the indicators present a tepid bearish slope around their midlines.”
“In the 4 hours chart the technical picture remains neutral, as the price needs either to break below 1.1250, or to advance above 1.1440, to be able to gain some directional potential.”
“Support levels: 1.1320 1.1280 1.1250"
“Resistance levels: 1.1380 1.1440 1.1485”
Key Quotes
“The EUR/USD pair advanced up to 1.1388, a fresh 3-day high, as the dollar came under broad pressure after Yellen announced yesterday that there won't be a rate hike at least for the next couple of meetings.”
“In the meantime, the pair trades within its latest range, and the 1 hour chart shows that the price is now contained below its 20 SMA that converges with 100 one around 1.1350, while the indicators present a tepid bearish slope around their midlines.”
“In the 4 hours chart the technical picture remains neutral, as the price needs either to break below 1.1250, or to advance above 1.1440, to be able to gain some directional potential.”
“Support levels: 1.1320 1.1280 1.1250"
“Resistance levels: 1.1380 1.1440 1.1485”