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14 Apr 2015
EUR/USD range-play ahead - FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, expects EUR/USD to remain in the 1.05-1.06 range today.
Key Quotes
“On the charts, we see the pair failed near 1.06 in the Asian session today, after which the EUR was offered once again. At 1.0547, the pair is indicating losses for the seventh straight session, with the daily RSI bearish at 35.26.”
“On the hourly chart, the falling trend line is intact, although the pair is inching loser to a breakout. Given the bearish RSI on the hourly as well as four hourly charts, the immediate gains in the pair could be capped around 1.06-1.0634.”
“Overall the pair is likely to trade in the range of 1.05-1.06 today.”
“A break below 1.05 exposes 1.0461, while the pair may not last long enough above 1.06 levels.”
Key Quotes
“On the charts, we see the pair failed near 1.06 in the Asian session today, after which the EUR was offered once again. At 1.0547, the pair is indicating losses for the seventh straight session, with the daily RSI bearish at 35.26.”
“On the hourly chart, the falling trend line is intact, although the pair is inching loser to a breakout. Given the bearish RSI on the hourly as well as four hourly charts, the immediate gains in the pair could be capped around 1.06-1.0634.”
“Overall the pair is likely to trade in the range of 1.05-1.06 today.”
“A break below 1.05 exposes 1.0461, while the pair may not last long enough above 1.06 levels.”