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23 Jan 2015
EUR/USD might attract selling interest above 1.1290 – FXStreet
FXStreet (Barcelona) - According to Valeria Bednarik, Chief Analyst at FXStreet, EUR/USD might attract selling interest if the pair extends up to 1.1290/1.1310 levels.
Key Quotes
“The EUR/USD pair finally found a short term bottom at 1.1113 this Friday, having bounced back above the 1.1200 figure by US opening, a shy 140 pips bounce considering the pair lost 530 ever since Draghi announced QE.”
“Stocks soared in Europe, but worse than expected US Markit Manufacturing PMI is forcing local share markets lower, and investors toward profit taking.”
“The EUR/USD pair erased half its intraday losses, and the 1 hour chart shows that indicators aim higher from extreme oversold levels, while 20 SMA maintains a strong bearish slope offering resistance around 1.1310.”
“In the 4 hours chart indicators maintain a strong bearish momentum, deep in oversold territory and supporting the dominant bearish trend. A retracement below 1.1200 should see the pair resuming its slide while selling interest will likely surge if the price extends up to 1.1290/1.1310.”
Key Quotes
“The EUR/USD pair finally found a short term bottom at 1.1113 this Friday, having bounced back above the 1.1200 figure by US opening, a shy 140 pips bounce considering the pair lost 530 ever since Draghi announced QE.”
“Stocks soared in Europe, but worse than expected US Markit Manufacturing PMI is forcing local share markets lower, and investors toward profit taking.”
“The EUR/USD pair erased half its intraday losses, and the 1 hour chart shows that indicators aim higher from extreme oversold levels, while 20 SMA maintains a strong bearish slope offering resistance around 1.1310.”
“In the 4 hours chart indicators maintain a strong bearish momentum, deep in oversold territory and supporting the dominant bearish trend. A retracement below 1.1200 should see the pair resuming its slide while selling interest will likely surge if the price extends up to 1.1290/1.1310.”