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10 Dec 2014
EUR/USD still aiming higher – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, sees the EUR/USD pair pressuring the highs in its present trading range of 1.2360-1.2400.
Key Quotes
“The EUR/USD pair trades in a tight range between 1.2360 and 1.2400, pressuring the highs and with the 4 hours chart showing price steady above its 20 SMA now around 1.2330, whilst momentum continues to head higher above 100, suggesting risk remains to the upside: if the price accelerates above 1.2400, the rally can extend again towards the 1.2440/60 area, while an advance above this last should see the upward move extend towards the 1.2500 price zone.”
“A break below 1.2320/30 is required to erase the short term positive tone and see the pair declining towards the 1.2270 price zone.”
Key Quotes
“The EUR/USD pair trades in a tight range between 1.2360 and 1.2400, pressuring the highs and with the 4 hours chart showing price steady above its 20 SMA now around 1.2330, whilst momentum continues to head higher above 100, suggesting risk remains to the upside: if the price accelerates above 1.2400, the rally can extend again towards the 1.2440/60 area, while an advance above this last should see the upward move extend towards the 1.2500 price zone.”
“A break below 1.2320/30 is required to erase the short term positive tone and see the pair declining towards the 1.2270 price zone.”