FXStreet (Barcelona) – FXStreet Editor and Analyst, Omkar Godbole, gives the technical outlook and key levels for EUR/USD.
Key Quotes
“On the charts, the pair has recovered to trade above 1.1226 (23.6% Fib R of 1.0461-1.1465), thereby opening doors for a re-test of 1.1270-1.1293 (23.6% R of 1.3991-1.0461).”
“The outlook stays bearish so long as the pair fails to witness a daily close above 1.1293.”
“On the downside, only a failure to break above hourly 200-MA currently located at 1.1236 may bring in fresh offers leading to a re-test of the daily low at 1.1188.”
(Market News Provided by FXstreet)