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30 Jun 2014
EUR/USD trading around 1.3660 and maintaining a positive tone - FXStreet
FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that the USD is close to its monthly low especially against its European rivals, with the EUR/USD trading around 1.3660 and maintaining a positive tone.
Key quotes
"The hourly chart shows price finding support in a bullish 20 SMA and indicators heading higher in positive territory."
"In the 4 hours chart the technical picture is also bullish, with price approaching 1.3680 strong Fibonacci resistance."
"A break above it should trigger some stops and therefore favor some further intraday gains, albeit limited ahead of key data later this week."
Key quotes
"The hourly chart shows price finding support in a bullish 20 SMA and indicators heading higher in positive territory."
"In the 4 hours chart the technical picture is also bullish, with price approaching 1.3680 strong Fibonacci resistance."
"A break above it should trigger some stops and therefore favor some further intraday gains, albeit limited ahead of key data later this week."