26 May 2014
EUR/USD key resistance at 1.3680 – FXStreet
FXStreet (Edinburgh) - In the opinion of Valeria Bednarik, Currency Analyst at FXStreet, upside attempts of the EUR/USD would face strong resistance in the 1.3680 area.
Key Quotes
“Earlier today, ECB President Mario Draghi spoke at the annual Forum on Central Banking in Portugal, expressing concerns over deflationary risks in term, but hardly tipping what he will do next week”.
“With an empty calendar, the technical picture shows price correcting higher but still far from bullish, as in the 4 hours chart price stands below a strongly bearish 20 SMA that caps the upside now around 1.3650, while indicators aim slightly higher still below their midlines”.
Key Quotes
“Earlier today, ECB President Mario Draghi spoke at the annual Forum on Central Banking in Portugal, expressing concerns over deflationary risks in term, but hardly tipping what he will do next week”.
“With an empty calendar, the technical picture shows price correcting higher but still far from bullish, as in the 4 hours chart price stands below a strongly bearish 20 SMA that caps the upside now around 1.3650, while indicators aim slightly higher still below their midlines”.