EUR/USD post Fed’s hawkish Bullard comments – FXStreet

FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet explained that in the US, FED’s Bullard, and usual hawk, offered a speech saying that a lift-off is still appropriate, as the recent challenges are not significantly robust to guide the economic policy and offered an analyses of subsequent price action in EUR/USD and analyses.

Key Quotes:

The pair has been holding ground well above the mentioned session low ,and the technical picture shows that in the 1 hour chart the price stands above a horizontal 20 SMA, whilst the technical indicators turned north above their mid-lines, supporting further gains. In the 4 hours chart, the price is well above a still bullish 20 SMA, whilst the technical indicators have turned lower from overbought readings, and the Momentum indicator is about to cross its mid-line towards the downside. Only below 1.1340, the mentioned 20 SMA, the pair can extend its decline down to 1.1290, should the dollar maintain the positive tone.

Valeria Bednarik, chief analyst at FXStreet explained that in the US, FED’s Bullard, and usual hawk, offered a speech saying that a lift-off is still appropriate, as the recent challenges are not significantly robust to guide the economic policy and offered an analyses of subsequent price action in EUR/USD and analyses.

(Market News Provided by FXstreet)