EUR/USD getting closer weekly high of 1.3650 - FXStreet

By FXstreet.com | June 27, 2014 AAA

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."



comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  3. US Session recap: USD consolidation ahead of FOMC
    Forex News

    US Session recap: USD consolidation ahead of FOMC

  4. A market in a technical snap-shot - RBS
    Forex News

    A market in a technical snap-shot - RBS

  5. EZ gave mixed data at key timings - BBH
    Forex News

    EZ gave mixed data at key timings - BBH

Trading Center