FXstreet.com (Barcelona) - Risk aversion ruled this Monday, as stocks slid since early European morning, while oil broke below the $100 a barrel, mark again. Still we saw limited slide in EUR/USD, barely reaching 1.4556 low before bouncing back higher. At present in the Asian session, the price has been ticking higher, still capped by 1.4600.
Technically: "Hourly chart shows indicators aiming higher still below their midlines, while 20 SMA above current price gains bearish slope. 4 hours chart is showing indicators turning flat above their midlines, while 20 SMA holds a strong bullish slope" said Valeria Bednarik, Chief Analyst at FXstreet.com.
She adds: "Pair needs now to regain the 1.4590 area to extend gains over the next 24 hours, yet if local share markets are pressured down, the pair may have a hard time to the upside".
Technically: "Hourly chart shows indicators aiming higher still below their midlines, while 20 SMA above current price gains bearish slope. 4 hours chart is showing indicators turning flat above their midlines, while 20 SMA holds a strong bullish slope" said Valeria Bednarik, Chief Analyst at FXstreet.com.
She adds: "Pair needs now to regain the 1.4590 area to extend gains over the next 24 hours, yet if local share markets are pressured down, the pair may have a hard time to the upside".
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