Back
4 Jun 2015
EUR/USD: trend remains bullish in the short-term – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team gives the outlook and key levels for EUR/USD.
Key Quotes
“Technically, the EURUSD is bouncing sharply, more that 3% in the last two sessions, helped by a better-than-expected retail sales in the Eurozone, good perspectives about Greece and the increase of inflation expected by the ECB for the next months. These good data are addressing the euro to the next resistance, placed at 1.1460, coinciding with the previous highs reached 3 weeks ago. Below the current level, the 1.0807 continues as the closest support available. The trend is bullish in the short term.”
“Support Levels around 1.0807, 1.0652”
“Resistance Levels around 1.1460”
Key Quotes
“Technically, the EURUSD is bouncing sharply, more that 3% in the last two sessions, helped by a better-than-expected retail sales in the Eurozone, good perspectives about Greece and the increase of inflation expected by the ECB for the next months. These good data are addressing the euro to the next resistance, placed at 1.1460, coinciding with the previous highs reached 3 weeks ago. Below the current level, the 1.0807 continues as the closest support available. The trend is bullish in the short term.”
“Support Levels around 1.0807, 1.0652”
“Resistance Levels around 1.1460”