EUR/USD
printed fresh top at 1.1855 today, having the thanksgiving US dollar, yet
suffering from the FOMC's Minutes release. Meanwhile
the single currency was so much supported by the November preliminary PMIs, showing
better than expected numbers, that couldn’t react to ECB minutes. The pair
stayed firm and keeps surfing at the upper edge of its latest trend.
Technically speaking the EUR/USD pair is keeping its short term bullish
outlook. On the four hour time the price is situated well above its moving
averages, having bullish 20-day SMA, while the 100-day and 200-day SMAs had
slowed down. RSI and stochastic had turned sharply to north and reached the
extreme overbought territories, but currently eased and are looking for
direction.
Should the pair cross the 1.1860 level (mid November’s high), then the interest
will lead to 1.1890. Looking to the downside, first hurdle is seen at 1.1830 and lower at 1.1790.
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