Technical Analysis

EUR/USD chart … promoting strain, suggesting check of the decrease finish of buying and selling

An attention-grabbing chart and commentary through ING on the euro, particularly particularly with the ECB assembly on the horizon later this week:

Costs are topping beneath the flat MA-50 line at 1.1387 throughout the long-term slender buying and selling vary between 1.1215 and 1.1530.The short-term declining day by day momentum chart is confirming the promoting strain, suggesting a coming check of the decrease finish of the buying and selling vary round 1.1215. The upside potential stays very restricted in case costs are managing to shut above the MA-50 line. Resistance is starting on the falling pattern line round 1.1445 with the slowly declining EMA-200 line providing subsequent resistance at 1.1513. Our long-term view stays bearish, however the short-term image is ‘Impartial’ so long as costs are shifting sideways between 1.1215 and 1.1530
chart and commentary via ING on the euro, especially with the ECB meeting

I posted some euro technical evaluation from Goldman Sachs earlier right here:


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