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11 Dec 2014
Greenback under demand all over again - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that market players decided it was enough and returned to the greenback.
Key Quotes:
"The American currency closed the day higher against all of its major rivals".
During the European session, the second allotment of the targeted long-term refinancing operation (TLTRO) came in at 129.84 billion euros missing expectations of 130/40 billion euros, and keeping pressure on the Central Bank to ease its monetary policy next year".
"The EUR/USD pair eased from a fresh weekly high of 1.2494, but finally capitulated after US data suprised to the upside".
"The EUR/USD pair 1 hour chart shows price trading near its daily low around 1.2371, with the price extending below a bearish 20 SMA and indicators heading strongly south below their midlines".
"Momentum has attempted to correct higher but turned again south, while RSI maintains the bearish slope around 39".
"In the 4 hours chart the price is now extending below its 20 SMA that maintains a bullish tone, while indicators turned lower approaching now their midlines. Further declines below 1.2360 immediate intraday support, should anticipated a continued slide towards 1.2270 price zone".
Key Quotes:
"The American currency closed the day higher against all of its major rivals".
During the European session, the second allotment of the targeted long-term refinancing operation (TLTRO) came in at 129.84 billion euros missing expectations of 130/40 billion euros, and keeping pressure on the Central Bank to ease its monetary policy next year".
"The EUR/USD pair eased from a fresh weekly high of 1.2494, but finally capitulated after US data suprised to the upside".
"The EUR/USD pair 1 hour chart shows price trading near its daily low around 1.2371, with the price extending below a bearish 20 SMA and indicators heading strongly south below their midlines".
"Momentum has attempted to correct higher but turned again south, while RSI maintains the bearish slope around 39".
"In the 4 hours chart the price is now extending below its 20 SMA that maintains a bullish tone, while indicators turned lower approaching now their midlines. Further declines below 1.2360 immediate intraday support, should anticipated a continued slide towards 1.2270 price zone".