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31 Dec 2014
EUR/USD in lower lows on the year - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that from a technical perspective the EUR/USD pair set a lower low for the year at 1.2134.
Key Quotes:
“…whilst the intraday recovery stalled around 1.2185, maintaining its bearish trend into 2015. The 1 hour chart shows price hovering around its 20 SMA but capped below the 100 SMA, as indicators barely stand above their midlines”.
“In the 4 hours chart, technical readings are biased lower in negative territory, while 20 SMA contained the upside now around 1.2180”.
“Support levels: 1.2135 1.2100 1.2045”
“Resistance levels: 1.2180 1.2220 1.2255”
Key Quotes:
“…whilst the intraday recovery stalled around 1.2185, maintaining its bearish trend into 2015. The 1 hour chart shows price hovering around its 20 SMA but capped below the 100 SMA, as indicators barely stand above their midlines”.
“In the 4 hours chart, technical readings are biased lower in negative territory, while 20 SMA contained the upside now around 1.2180”.
“Support levels: 1.2135 1.2100 1.2045”
“Resistance levels: 1.2180 1.2220 1.2255”