1 Oct 2014
EUR/USD technically bearish – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, chief analyst at FXStreet reviews the EUR/USD> from a technical point of view on todays US session.
Key Quotes:
“Technically, the 1 hour chart shows a quite neutral technical stance, with price around a mild bearish 20 SMA and indicators heading lower right below their midlines”.
“In the 4 hours chart a daily descendant trend line coming from 1.2880 price zone caps the upside now around 1.6240 along with a bearish 20 SMA, while indicators head south below their midlines”.
Key Quotes:
“Technically, the 1 hour chart shows a quite neutral technical stance, with price around a mild bearish 20 SMA and indicators heading lower right below their midlines”.
“In the 4 hours chart a daily descendant trend line coming from 1.2880 price zone caps the upside now around 1.6240 along with a bearish 20 SMA, while indicators head south below their midlines”.