FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that the EUR is the inly major currency holding to its latest gains against the dollar, with EUR/USD holding some pips below 1.3650 strong static resistance zone.



Key quotes



"The 4 hours chart shows a mild positive tone, as per price holding above its moving averages with 20 SMA slowly gaining some bullish slope."



"Indicators in the same time frame stand in positive territory, yet lack upward strength at the time being."



"The positive tone has however, to confirm itself by advancing beyond 1.3680/1.3700 price zone, where a long term Fibonacci resistance converges with recent highs."



"Being the top of the range, should not surprise if selling pressure reappears on a test of the level. Above it on the other hand, 1.3770 is the probable bullish target."



"To the downside, the immediate short term support stands at 1.3620, and if below 1.3570/80 price zone comes next."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD drops to 1.0859

  2. Forex News

    USD/JPY Nears Extension Target, USD/CAD Holds Retest Level

  3. Forex News

    EUR/USD slips to 1.0880 on Greek headlines

  4. Investing

    EUR/USD Shows Real Strength to the Downside

  5. Forex News

    EUR/USD stabilizing above 1.0900

Trading Center