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24 Feb 2014
Flash: EUR/USD holds bullish to neutral bias - 2ndSkies
FXStreet (Bali) - The EURUSD technical picture still look positive, notes Chris Capre, Founder at 2ndSkies Forex.
Key Quotes
"EURUSD is still holding a bullish bias but will be running into some headwinds shortly with the key resistance zone between 1.3796 and 1.3892."
"Bears can look for intra-day rejections in this resistance zone as it seems unlikely bulls will be massively buying at these levels. Those not already long will need a convincing break above before adding longs."
"For now, remain slightly bullish leaning towards a neutral bias heading into this resistance zone."
Key Quotes
"EURUSD is still holding a bullish bias but will be running into some headwinds shortly with the key resistance zone between 1.3796 and 1.3892."
"Bears can look for intra-day rejections in this resistance zone as it seems unlikely bulls will be massively buying at these levels. Those not already long will need a convincing break above before adding longs."
"For now, remain slightly bullish leaning towards a neutral bias heading into this resistance zone."