FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet explained that in the 4 hours chart the pair shows that the price is now standing above a horizontal 20 SMA, while the technical indicators have turned slightly lower above their mid-lines.
Key Quotes:
“The chart shows that the price has failed to advance beyond 0.7300 on several attempts during the last two days, although the level to watch is 0.7330, as it will be only above this last that the pair will be gaining some further upward potential for the following sessions.”
(Market News Provided by FXstreet)