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17 Apr 2015
EUR/USD: Bulls searching for closes up to 1.0900 - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that EUR/USD broke higher, reaching daily highs beyond 1.0800 late in the American afternoon.
Key Quotes:
"In and the technical picture favors the upside, as the price recovered above the 50% retracement of the latest daily bullish run at 1.0755."
"The 1 hour chart shows that the price accelerated above its moving averages, whilst the technical indicators maintain their positive tone well above their mid-lines."
"In the 4 hours chart the technical indicators present a strong upward momentum well into positive territory, whilst the 20 SMA turned north below the current price. Should the pair break above 1.0825, the 38.2% retracement of the same rally, the upward movement can extend up to 1.0900/50 before the week is over."
Key Quotes:
"In and the technical picture favors the upside, as the price recovered above the 50% retracement of the latest daily bullish run at 1.0755."
"The 1 hour chart shows that the price accelerated above its moving averages, whilst the technical indicators maintain their positive tone well above their mid-lines."
"In the 4 hours chart the technical indicators present a strong upward momentum well into positive territory, whilst the 20 SMA turned north below the current price. Should the pair break above 1.0825, the 38.2% retracement of the same rally, the upward movement can extend up to 1.0900/50 before the week is over."