EUR/USD consolidates near a fresh high of 1.3643 - FXStreet

By FXstreet.com | June 19, 2014 AAA

According to FXStreet Chief Analyst Valeria Bednarik, the EUR/USD consolidates near a fresh high of 1.3643, having stalled at the strong resistance level but maintaining the positive mood amid the general dollar weakness.

Key quotes



"Short term pullbacks found buyers in the 1.3610 level, now immediate short term support."



"The hourly chart shows indicators bouncing higher above their midlines, after correcting overbought readings, while 20 SMA extended its bullish slope and 100 one aims to cross 200 to the upside, all of which supports further gains."



"In the 4 hours chart technical readings present a mild bullish tone, with indicators advancing above their midlines albeit losing some of the upward strength."



"A price acceleration above mentioned high may lead to a test of 1.3680, Fibonacci resistance, while above it stops may get triggered and therefore result in a stronger upward move."



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. EUR/USD Daily Outlook - September 19
    Investing

    EUR/USD Daily Outlook - September 19

  4. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center