1 May 2015
EUR/USD additional gains likely – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team sees technicals supportive of additional gains in EUR/USD.
Key Quotes
“As estimated at the beginning of the week the EUR was able to increase immensely versus the USD and reached a two month high. At the moment there is no resistance line in the immediate vicinity so more gains are more than likely. The MACD and the Bollinger bands support this assumption.”
“Support Levels around 1.08975, 1.07282, 1.06717”
Key Quotes
“As estimated at the beginning of the week the EUR was able to increase immensely versus the USD and reached a two month high. At the moment there is no resistance line in the immediate vicinity so more gains are more than likely. The MACD and the Bollinger bands support this assumption.”
“Support Levels around 1.08975, 1.07282, 1.06717”