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23 Jun 2015
EUR/USD: Mildly negative - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the technical trading conditions surrounding EUR/USD over the course of the US session.
Key Quotes:
"The EUR/USD pair flirted with the 1.1400 level twice during the day, but strong selling interest around the level rejected bull's attempts to push the price higher."
"The pair settled mid-way around 1.1350 by the end of the day, with the short term picture favoring the downside as in the 1 hour chart, the technical indicators head lower in negative territory, whilst the price stands below its 20 SMA."
"In the 4 hours chart, a mild negative tone is also present, with the technical indicators crossing their mid-lines towards the downside, albeit lacking bearish strength. Further declines are likely, particularly on a break below 1.1315 the immediate support."
Key Quotes:
"The EUR/USD pair flirted with the 1.1400 level twice during the day, but strong selling interest around the level rejected bull's attempts to push the price higher."
"The pair settled mid-way around 1.1350 by the end of the day, with the short term picture favoring the downside as in the 1 hour chart, the technical indicators head lower in negative territory, whilst the price stands below its 20 SMA."
"In the 4 hours chart, a mild negative tone is also present, with the technical indicators crossing their mid-lines towards the downside, albeit lacking bearish strength. Further declines are likely, particularly on a break below 1.1315 the immediate support."