13 Feb 2015
EUR/USD mildly bullish towards 1.1530 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, notes that technicals suggest EUR/USD exhibits a mild bullish tone, and on a move above 1.1480 the pair might extend towards 1.1530 levels.
Key Quotes
“Ahead of the EU GDP reading, the EUR/USD pair trades steady around the 23.6% retracement of its latest bullish run, and the technical picture presents a mild bullish tone as per the price above its 20 SMA and indicators holding in positive territory.”
“Renewed advances above the 1.1440 price zone should see the pair extending towards its next resistance at the 1.1480 price zone, while beyond this last, next target comes at 1.1530, last week high.”
“The immediate short term support stands at 1.1400 with a break below it probably seen a price decline down to 1.1350/60 price zone.”
Key Quotes
“Ahead of the EU GDP reading, the EUR/USD pair trades steady around the 23.6% retracement of its latest bullish run, and the technical picture presents a mild bullish tone as per the price above its 20 SMA and indicators holding in positive territory.”
“Renewed advances above the 1.1440 price zone should see the pair extending towards its next resistance at the 1.1480 price zone, while beyond this last, next target comes at 1.1530, last week high.”
“The immediate short term support stands at 1.1400 with a break below it probably seen a price decline down to 1.1350/60 price zone.”