27 Apr 2015
EUR/USD sees downside risks – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, notes technicals suggest that risk for EUR/USD remains tilted to the downside, further anticipating a decline towards 1.0800 levels.
Key Quotes
“In quite a dull Monday, the EUR/USD pair trades with a tepid bearish tone within range, aiming to break below the 1.0840 Fibonacci level, with the dollar slightly higher across the board as Greek risk weighs.”
“The weekend ended with no deal reached between the troubled country and its creditors during the Eurogroup meeting in Riga.”
“Ahead of US PMIs releases, the EUR/USD 1 hour chart shows that the price stands below its 20 SMA, whilst the technical indicators head lower below their mid-lines, anticipating some additional declines towards the 1.0800 level.”
“In the 4 hours chart the 20 SMA is losing its upward slope, but below the current price, whilst the technical indicators turned lower above their mid-lines, keeping the risk towards the downside.”
“Support levels: 1.0800 1.0760 1.0725”
“Resistance levels: 1.0855 1.0900 1.0950”
Key Quotes
“In quite a dull Monday, the EUR/USD pair trades with a tepid bearish tone within range, aiming to break below the 1.0840 Fibonacci level, with the dollar slightly higher across the board as Greek risk weighs.”
“The weekend ended with no deal reached between the troubled country and its creditors during the Eurogroup meeting in Riga.”
“Ahead of US PMIs releases, the EUR/USD 1 hour chart shows that the price stands below its 20 SMA, whilst the technical indicators head lower below their mid-lines, anticipating some additional declines towards the 1.0800 level.”
“In the 4 hours chart the 20 SMA is losing its upward slope, but below the current price, whilst the technical indicators turned lower above their mid-lines, keeping the risk towards the downside.”
“Support levels: 1.0800 1.0760 1.0725”
“Resistance levels: 1.0855 1.0900 1.0950”