FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik comments on the EUR/USD moves following the release of better than expected German CPI numbers on Friday, saying that the pair is approaching its weekly high of 1.3650.

Key quotes



"Stocks up in the US and some relaxed confidence ahead of next week events with the EUR/USD hourly chart showing indicators bouncing higher from their midlines and price advancing above a mild bullish 20 SMA."



"In the 4 hours chart however, the neutral stance prevails with 200 EMA flat around 1.3645 acting as immediate short term resistance."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    US Dollar Set for Big Moves - Here are the Strategies We’re Watching

  2. Forex News

    EUR/USD regains 1.0980 on ISM

  3. Forex News

    EUR/USD stays near lows after US data

  4. Forex News

    Dollar Demand Strong at Start of Critical Economic Data Week

  5. Forex News

    EUR/USD deflates towards 1.0950

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!