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14 May 2015
EUR/USD eyeing the 1.1530 figure – FXStreet
FXStreet (Barcelona) - With broad-based USD weakness leading EUR/USD to a fresh intraday high at 1.1430, Valeria Bednarik, Chief Analyst at FXStreet, sees further gains possible towards 1.1533 for the pair on a break above the daily high.
Key Quotes
“The EUR/USD pair surged up to 1.1430 this Thursday, with no catalyst behind the move beside USD self weakness.”
“Technically, the 4 hours chart shows that the pair is overbought and that the technical indicators are exhausted in extreme readings, although the 20 SMA gained further upward strength below the current price.”
“Should the price accelerate above the mentioned daily high, the rally can extend first up to 1.1480, whilst beyond this last, the next bullish target comes at 1.1533, February 2 monthly high.”
“To the downside, the key support comes at 1.1340, with buyers probably surging on slides towards it. It will take an unlikely break below it to see the pair turning south towards the 1.1280 price zone.”
Key Quotes
“The EUR/USD pair surged up to 1.1430 this Thursday, with no catalyst behind the move beside USD self weakness.”
“Technically, the 4 hours chart shows that the pair is overbought and that the technical indicators are exhausted in extreme readings, although the 20 SMA gained further upward strength below the current price.”
“Should the price accelerate above the mentioned daily high, the rally can extend first up to 1.1480, whilst beyond this last, the next bullish target comes at 1.1533, February 2 monthly high.”
“To the downside, the key support comes at 1.1340, with buyers probably surging on slides towards it. It will take an unlikely break below it to see the pair turning south towards the 1.1280 price zone.”