FXstreet.com (California) - After opening Monday’s trade at 1.4277, the Euro dipped into the 1.4190 zone on the back of continued Greek woes, where it found support, recovering all of its losses to close the American trade at 1.4302, 25 pips above its starting price.
“Hourly chart shows a slightly bullish tone coming from indicators, monthly flat above their midlines, while price develops above an also flat 20 SMA,” comments Valeria Bednarik, Chief Analyst at FXstreet.com. “4 hours chart shows indicators slightly exhausted and turning south, keeping the upside limited; only above 1.4330, 200 EMA in the mentioned chart, the pair could gain some bullish momentum over the upcoming sessions,” she adds.
At present, the pair is pressuring up in early Asia, quoted now in the 1.4370 zone, 70 pips above its opening price.
To the downside, Valeria recognizes support at 1.4285, 1.4250 and 1.4220, while to the upside, resistance levels lie at 1.4330, 1.4365 and 1.4410.
“Hourly chart shows a slightly bullish tone coming from indicators, monthly flat above their midlines, while price develops above an also flat 20 SMA,” comments Valeria Bednarik, Chief Analyst at FXstreet.com. “4 hours chart shows indicators slightly exhausted and turning south, keeping the upside limited; only above 1.4330, 200 EMA in the mentioned chart, the pair could gain some bullish momentum over the upcoming sessions,” she adds.
At present, the pair is pressuring up in early Asia, quoted now in the 1.4370 zone, 70 pips above its opening price.
To the downside, Valeria recognizes support at 1.4285, 1.4250 and 1.4220, while to the upside, resistance levels lie at 1.4330, 1.4365 and 1.4410.
